Japan wants to sign an emissions agreement with Vietnam

The Nikkei newspaper on July 19 reported that Japan wanted to sign a document with Vietnam on the exchange of gas quotas.

Accordingly, the country will receive emissions quotas in exchange for carbon dioxide emissions cut through exports to this Southeast Asian country energy-saving devices and power plants.

According to the Nikkei daily newspaper, the two countries are expected to reach a basic agreement on this issue in the fall on the basis of establishing a joint committee with the function of determining emissions quotas transferred under this agreement.

The two countries are expected to reach a basic agreement on this issue in the fall on the basis of establishing a joint committee with the function of determining emissions quotas transferred under this agreement. Photo: photopostsblog.com.

Japanese companies will submit reports on energy savings and emissions cuts to the joint committee when they export to Vietnam thermal power plants powered by fossil fuels and gas technologies. hot emissions from cement production, equipment such as air conditioners and refrigerators and other energy-saving technologies.

If these products help reduce CO ₂ emissions in Vietnam, Japan will receive emission quotas corresponding to a certain percentage on the total gas cut. Japan and Vietnam hope to begin conducting emissions quotas after the international framework document on greenhouse gas reduction in the post-Kyoto period came into effect in 2013 or later.

The Nikkei daily said that greenhouse gas emissions in Japan will certainly increase due to the impact of the Fukushima nuclear crisis. In order to compensate for the power supply shortage due to many reactors having to stop operating, Japan needs to increase the use of fossil fuel-fired thermal power plants.

Therefore, Japan hopes to sign similar agreements with many other Asian countries such as India, Indonesia, Laos and Cambodia.