News

Japan Bank for International Cooperation, Pakistan Ministry of Environment and Japan Carbon Finance Ltd Sign CDM Memorandum of Understanding

JBIC Signs a MOU on the Kyoto Mechanisms with the Ministry of Environment

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July 2008: The Japan Bank for International Cooperation (JBIC) has signed a

Memorandum of Understanding (MOU) with Pakistan's Ministry of Environment and

Japan Carbon Finance Limited (JCF) to promote the Clean Development Mechanism

(CDM) in Pakistan and to support Japanese entities in their acquisition of the

carbon credits generated by the CDM projects.

Under the MOU, the JBIC, the

Ministry of Environment and JCF will share information and knowledge on

potential CDM projects in Pakistan. The MOU also provides that the JBIC and JCF

will consider providing technical advice and financing to support the

development of the projects. [JBIC

Press Release]