Nikkei just reported briefly (in Japanese) about talks between Japanese Environment minister Nagahama and Mongolian environment minister Sanjaasuren Oyun on the idea of concluding an agreement on green credits. According to the article, the basic idea is for Japan to deliver technology to Mongolia, in exchange for credits on the CO2 emissions avoided by deploying that technology.
A large part of Germany’s CO2 emission reductions comes from the low hanging fruit of bringing the former Eastern Germany industry up to shape. Maybe Japan can do something similar with this kind of agreement.
They want to sign a formal agreement already in December and start operations some time next April. It will be interesting to see if that gets done before the election in Japan scheduled for December 16th.
Any such agreement will of course be welcome news for a large scale renewable project in the Gobi desert.
Related post: Bloomberg Article on Japan-Mongolia Agreement
Update: Here is a picture of the politicians shaking hands.