Japan firms log 1st carbon credits on new U.N. system


  • World
  • Friday, 16 Nov 2007

TOKYO (Reuters) - Japan has officially received 8.6 million tonnes of carbon credits since becoming the first country to connect to the U.N.'s new carbon-trading system earlier this week, the Ministry of the Environment said on Friday. 

Countries and companies in Europe and Japan have been buying carbon offsets for some time in return for funding clean-energy projects in developing countries under the Kyoto Protocol's Clean Development Mechanism (CDM). 

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