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Japanese firms can earn carbon credits under Palau deal

Posted on 17 January 2014

Japan has signed a carbon offset deal with Palau to allow Japanese companies to earn carbon credits by helping the small Pacific island nation cut its greenhouse gas emissions, Reuters reports.
Per the agreement, both nations will select representatives to operate the so-called Joint Crediting Mechanism. Japan already has nine such bilateral offset agreements — with Mongolia, Bangladesh, Ethiopia, Indonesia, Kenya, the Maldives, Vietnam, Laos and Costa Rica — and wants the UN to count credits earned under these agreements towards its emissions reduction goals………………………………………..Full Article: Source


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