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Japan asks firms to find clean tech projects abroad

Thu, 07/08/2010 - 3:26am
Reuters

TOKYO (Reuters) - Japan is forging ahead with developing an alternative to the U.N.'s complex carbon market, recruiting firms to study the viability of investing in bilateral emissions cutting projects abroad.

Japan, the world's fifth largest greenhouse gas emitter, wants to encourage the use of home-grown technologies in projects that cut greenhouse gas emissions in developing countries, investments that could be worth billions of dollars.

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