• Kyodo News


Japan said Tuesday it has concluded a contract with Latvia to acquire rights to emit 1.5 million tons of greenhouse gases in terms of carbon dioxide to help achieve its reduction goal under the 1997 Kyoto Protocol.

Japan has acquired the rights directly from the Baltic state under the so-called green investment scheme, a mechanism in the framework of international emissions trade that calls for the rights-selling country to use the funds for projects aimed at reducing greenhouse-gas emissions, officials said.

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