Economic Development Ministry
Japan’s Cabinet Endorses Cap-and-Trade Climate Bill – what do you think?
“Japan’s Cabinet has endorsed a climate-protection draft law today that would cap industrial emissions and thrust the second-biggest economy into the $125 billion market for trading carbon credits.
Some polluters will be subject to a flat ceiling on emissions while others may face a limit per unit of production, according to a copy of the bill, distributed to reporters by the Environment Ministry today. The draft leaves open which industries will be affected.”
“Prime Minister Yukio Hatoyama has set a goal for Japan to cut emissions by 25 percent by 2020 and may pursue European- style trading of carbon-emission credits”
“Japan’s emissions as a ratio of national productivity are among the lowest in the Organization of Economic Cooperation and Development”
http://www.businessweek.com/news/2010-03-12/japan-s-cabinet-endorses-cap-and-trade-climate-bill-update1-.html
Interesting news – what are your thoughts about it?
“The draft leaves open which industries will be affected.”
Still room for horse-trading then.
They are at a disadvantage for showing improvements as they are already pretty much the most efficient industrialised country in the world;
“Japan produced 244 metric tons of carbon dioxide per $1 million of GDP in 2006, compared with the OECD average of 444 tons and 510 tons for the U.S.”
I see they have introduced a feed in tariff too. Japan have always been ahead of the curve on energy, mainly because they have very little of their own fossil fuels. I wonder how the plans to exploit methane clathrates will tie in to this. The U.K. managed to reduce CO2 emissions without even trying when we switched a large part of our generation and home heating from coal to gas in the ’80′s.
Very encouraging.
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