2008-05-12

Japan Will Announce Voluntary Emissions Goals. AFP, May 12, 2008. "Prime Minister Yasuo Fukuda is expected to announce [that Japan will strive to cut its greenhouse gas emissions by 60-80% by 2050] as early as June... Japanese officials [do not] want to make the goal... legally binding, [relying on hope that] the announcement will encourage technological and business innovations... The government is also expected to announce plans to establish a carbon credit exchange... Japan had joined the U.S. in saying it was too early to set numbers for future emissions cuts... Tokyo, under serious criticism from environmentalists, said earlier this year that it would set its own national target for reductions after 2012, when [Kyoto] expires. [Japan is hosting the Group of Eight summit in July.]"

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