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Japan, Maldives sign accord on emissions

(2013-7-1)Japan and the Maldives have signed an agreement to exchange Japanese low-carbon technologies for Maldivian quotas for greenhouse gas emissions.

The agreement was reached in a meeting between Environment Minister Nobuteru Ishihara and Maldivian Environment and Energy Minister Mariyam Shakeela at a meeting in the village of Onna on the sidelines of an international conference on coral reef conservation.

“Japan has cutting-edge technologies and know-how for reducing greenhouse gas emissions,” Ishihara said after signing the agreement Saturday. Japan wants to make efforts to achieve a low-carbon society together with the Maldives, he added.

Stressing that Japan is a friend and partner of the Maldives, Shakeela said her country wants to continue bilateral cooperation.

In a bilateral emission quota deal, an advanced country provides developing countries with technologies and know-how for cutting greenhouse gas emissions in return for emission quotas.

Japan has already concluded such agreements with four countries, including Mongolia.

Japan and the Maldives will set up a joint committee to discuss details of their pact.

Source:Jiji Press
Date:Jul 02,2013