Japan sends team for CO2 cutting projects in Russia

Apr 13, 1998 02:00 AM

Japan will send a combined public-private survey team to Russia in June to lay the groundwork for joint projects aimed at reducing emissions of environmentally harmful greenhouse gases.
Under an environmental accord reached at the UN-sponsored meeting in Kyoto, Japan, last December, an industrialised country may invest in a project to cut emissions in another nation. The investor nation can then count those emissions reductions toward its own "cuts," allowing it to avoid making the cuts at home.
Projects now under consideration in Russia include the renewal of old oil refineries and thermal power plants and the construction there of manufacturing plants that would use natural gas, which is more environmentally friendly than oil, the sources said.
In addition to government officials, representatives from private companies interested in the projects will join the survey team.

The move is part of Japanese efforts to implement the Kyoto accord, which sets specific targets for each industrialised nation and requires the industrialised world as a whole to cut average annual emissions of carbon dioxide and other greenhouse gases by 5.2 % from 1990 levels between the years 2008 and 2012. Japan has to cut annual emissions by an average 6 % during the period.
Russia is now emerging as a strong candidate for so called joint-implementation projects, because modernising old Russian facilities is seen as a relatively easy way to cut emissions.
As a result, Japan decided to send a survey team to Russia ahead of the US and other industrialised countries, which are also seeking to implement joint projects with Russia.

Source: not available
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