• Most Popular
  • Most Shared

Marubeni plans carbon projects in Indonesia

Thu Dec 13, 2007 11:46pm EST

Stocks

   

TOKYO, Dec 14 (Reuters) - Marubeni Corp (8002.T), Japan's fifth-biggest trading company, plans to launch five to 10 carbon credit projects in Indonesia next year, reaping 3 million credits by 2012, a company source said on Friday.

Stocks

Marubeni, jointly with the country's University of Lampung, plans to capture greenhouse gas methane generated from palm oil and sugar cane plants in South Sumatra for use in power generation, it said.

Under the Kyoto protocol, countries can offset their carbon dioxide emissions by purchasing carbon credits in CO2-reducing projects in developing countries.

Japan is struggling to meet its target of cutting its emissions to 6 percent below 1990 levels, generating further need to buy credits. (Reporting by Yuko Inoue; Editing by Malcolm Whittaker)

Stocks


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets