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Indonesia and Japan together against greenhouse emissions

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Staff writer | Tuesday September 3, 2013 11:40AM ET
Indonesia JapanIndonesia and Japan have signed a deal thanks to which it will be easier for Japanese companies to help Indonesia reduce greenhouse emissions through improved technology and conservation schemes.


With signing of a bilateral agreement known as a joint crediting mechanism (JCM), the two countries have cut out intermediaries in greenhouse-friendly technology transfer, investment, and capacity building.

Under the Kyoto greenhouse protocol's Clean Development Mechanism, the United Nations must sign off on each Japanese company's participation, after a lengthy screening process. The new agreement will help Indonesia cash in more rapidly on Japanese companies' attempts to offset their own industrial carbon emissions by gaining credit for helping avoid emissions elsewhere in the world.

As part of the JCM agreement, the Japanese government has conducted feasibility studies in generating carbon emissions reductions in Indonesia through renewable energy, forestry, energy conservation, agriculture, transportation, carbon storage and waste treatment.

Indonesia has also set its own ambitious 2020 targets, of 26 percent emissions reduction under its own steam, and 41 percent reductions with international assistance through schemes such as this new deal.

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