Japan to fund green projects under Kyoto mechanisms
The Japanese Government has announced that it will help fund projects in developing countries in return for emission credits, under the mechanisms of the Kyoto Protocol.
The Government will shoulder a third of the costs for projects, including wind-power plants and the production of ethanol fuel from methane generated at waste disposal plants, reports Japan Times.
The scheme will cost 300 million yen (US$2.5 million), and in return, Japan will receive nearly 1.2 million tonnes of credits per year.
Under the Kyoto Protocol, Japan has to reduce its emissions by 6% of the 1990 total by 2008-2012.
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