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Japan aims to start a program to work with companies to reduce greenhouse gas emissions in developing countries in 2013, according to a new set of action plans to be introduced at the climate talks in Durban, South Africa.

The government has been preparing the bilateral offset credit mechanism program to cut emissions by establishing energy management systems and forest protection projects with Japanese companies such as Toshiba Corp. (6502) and Marubeni Corp. (8002) in developing countries. This is the first time that Japan has said when it wants to start the program.

Japan has started feasibility studies to run the program in 28 countries and plans to expand consultations with more nations than the five it is currently negotiating with, according to the document.

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Extpub | by Dr. Radut