Japan proposed to reduce CO2 emissions 1998.10.15

The Government proposes a mechanism by which developed countries and developing countries will jointly work to reduce greenhouse gas emissions in COP4, which will be held in Buenos Aires in November. This "clean development mechanism" enables developed countries to incorporate a portion of the reductions into their own reductions, if developed countries are able to support funding and technology and reduce CO2 emissions. At the same time, developing countries will be able to sell parts of the reductions to other countries as emission quotas.