Japan signed on Tuesday in Ulan Bator a pact for reduction of carbon emissions with Mongolia.
The pact is meant to complement the United Nations Framework Convention on Climate Change, which was drafted in Doha, Qatar, in December.
Japan and Mongolia negotiated to facilitate diffusion of leading low carbon technologies, products, systems, services and infrastructure. The two countries’ officials also discussed about the implementation of mitigation actions, and contributing to sustainable development of Mongolia.
By signing the carbon-offset agreement, Japan intends to expand markets for green technologies and to develop similar bilateral offset-credit mechanisms with countries including Indonesia, Vietnam and Bangladesh, while Mongolia is seeking to access those technologies.
Under the bilateral mechanism, Japan agreed to cut carbon dioxide emissions by setting up energy-management systems and forest-protection projects in developing countries using Japanese technologies, the international press reports.
The pact is the first such agreement outside the U.N. framework, according to the Japanese Ministry of Environment. The agreement signing ceremony was represented by its Minister for Nature, Environment and Green Development S. Oyun from Mongolia and Japan by Ambassador Extraordinary and Plenipotentiary to Mongolia Takenori Shimizu.