Wednesday, October 17, 2007

Mitsubishi's Chile Emissions-Reduction Project Gets UN Approval

From Bloomberg:

Mitsubishi Corp.'s greenhouse-gas emissions project in Chile has received an approval from the United Nations to earn carbon credit from the so-called Clean Development Mechanism under the Kyoto Protocol.

Mitsubishi, Japan's largest trading company, will purchase 822,000 tons of carbon emissions credits annually through March 2013 from a plant owned by Enaex SA, the company said in a statement in Tokyo. The project reduces the output of nitrogen monoxide, a global-warming gas, during the production of explosives and synthetic fertilizers....More