Japanese bank looking into financing wind projects in Mexico

The Japan Bank for International Co-operation (JBIC) is looking into financing wind projects in Mexico via the Clean Development Mechanism (CDM), says the bank's Mexico and Central America representative Kentaro Takasu. While primarily interested in financing geothermal projects, the bank is also looking for other renewable energy projects which could qualify, with wind being an obvious option. JBIC hopes to buy the carbon emissions credits to help meet Japan's emissions reduction obligations under the Kyoto Protocol, although financing such projects does not give the Japanese government an automatic right to buy the credits.

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