Japan adopts emission rights trade with Indonesia

• 9 years ago (2014-11-06)
• Junior Isles

Asia 850

---

Japan has adopted a plan to offer its energy-saving technology to Indonesia as the first project under a bilateral scheme that allows Japan to obtain greenhouse gas emission rights in return.

Under the Bilateral Offset Credit Mechanism, a Japan-made cooling machine has been introduced at an Indonesian plant that is expected to reduce carbon dioxide emissions by 800 tons by 2020 and allow Tokyo to earn emission credits on 400 tons, said Japan’s environment ministry.

So far, Japan has agreed bilateral emission trading schemes with 12 countries including Mongolia and Bangladesh. In Indonesia, nine other projects are under way, according to a ministry official.