A Japan-led offset credit trading framework to reduce greenhouse gas emissions will be launched at the 27th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP27) in Egypt next month.
More than 30 countries and international organizations are expected to participate in the framework.
The Japanese government hopes a framework it has been working on independently will become an international standard. It also hopes to capitalize on Japan's decarbonization technology overseas.
