Laos, December 2024 – A Groundbreaking Memorandum of Understanding (MoU) between Offset8 Capital, Faeger, and Sawa Eco Solutions was showcased at the Asia Zero Emission Community (AZEC) Leaders Conference. This MoU was among a select number of collaboration agreements between Japanese companies and partners in AZEC member countries, presented by the Prime Minister of Japan, His Excellency Shigeru Ishiba.
This landmark agreement marks a pioneering collaboration between companies from Japan, the UAE, and Indonesia. The primary objective is to introduce the Alternative Wetting and Drying (AWD) methodology in Indonesia, the world's fourth-largest rice-producing country. This initiative aims to significantly reduce methane emissions while benefiting thousands of rice farmers across Indonesia.
The AZEC initiative, launched in 2023, aims to promote decarbonization in Asia while supporting economic growth and energy security. It involves cooperation among 11 nations, including Japan, Indonesia, and Australia, to achieve carbon neutrality through various pathways.
The collaboration has received substantial support from the Ministry of Economy, Trade and Industry (METI), the Ministry of Foreign Affairs, and the Prime Minister's Office. Their endorsement underscores the importance of this tri-lateral effort to implement AWD in Indonesia, paving the way for a more sustainable and eco-friendly agricultural practice.
Media Team
media@offset8capital.com
