The country’s trade ministry said that the government will provide about JPY500m ($6m) for research into projects aimed at exporting low-carbon technology to developing countries, according to Bloomberg.
Trade ministry director of global environmental affairs Keisuke Murakami was quoted by Bloomberg as saying that, aiming to reach its 2020 emission targets of reducing emissions by 25%, Japan will seek bilateral agreements to earn carbon credits.
Japan has has begun discussions with Indonesia, Vietnam, the Philippines and India for agreements on a carbon-offset mechanism.
Toshiba and Mitsubishi are planning work on geothermal plants in the Philippines and in Indonesia while Nippon Steel has proposed adding energy-conservation technology at a steel plant in India and Tokyo Electric is considering building a coal-fired power plant in Indonesia.
