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Japan signs carbon offset deal with Palau

2014-01-14 12:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Japan has signed an agreement with Palau to allow Japanese companies to earn carbon credits by helping the small Pacific island cut greenhouse gas emissions, the Japanese government said on Monday. Under the deal, both nations will set up a joint committee of representatives to operate a bilateral offset crediting mechanism, known as the Joint Crediting Mechanism, Tokyo said in a statement. Japan has already has nine such bilateral agreements, aiming to bypass the lengthy screening process...

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