Japan plans carbon offset scheme with India: report
Published on Jun 17, 2014 7:35 PM
TOKYO (AFP) - Japan is set to offer India a carbon offset scheme that would see Tokyo's environmental technology used by the rising Asian giant to help reduce its emissions, a report said.
The scheme would see Japanese firms earn carbon credits in return for helping developing countries reduce their greenhouse gas emissions, the Nikkei newspaper said in its Monday evening edition, adding India was a likely early partner.
The joint crediting mechanism (JCM) would encourage Japanese firms to participate by allowing them to promote technologies such as energy-efficient furnaces and air-conditioning systems, in developing countries with huge market potential such as India.
The Nikkei report comes as Japan struggles to further cut its greenhouse gas emissions, with businesses claiming many factories, vehicles and household appliances are already fitted with energy-efficient technologies.
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