As pressure mounts on industries to cut greenhouse gases, some steelmakers have begun seeking ways to reduce their emissions by offering low-carbon technologies to their Chinese counterparts.
Under two model projects adopted by the New Energy and Industrial Technology Development Organization, a quasi-governmental body, two steelmakers will provide their latest technologies for cutting carbon dioxide emissions to Chinese steelmakers.
In return, they can include the emissions reductions in their own quotas under the Kyoto Protocol's clean development mechanism.