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Japan: Govt Panel OK’s Revised Emissions Target for 2020
Source: the-japan-news.com
Source Date: Saturday, November 16, 2013
Focus: Institution and HR Management
Country: Japan
Created: Nov 19, 2013

A government panel on measures to tackle climate change approved on Friday a new goal to reduce the nation’s greenhouse gas emissions by 3.8 percent by 2020 from the 2005 level.

At the meeting, the government reported a public-private program to provide financial assistance worth about $16 billion to developing countries through 2015 to help slash their emissions.

The public and private sectors will also spend about ¥11 trillion at home over the next five years.

Prime Minister Shinzo Abe said he is sure that Japan can substantially contribute to global efforts to tackle climate change. The government will steadily implement necessary measures to achieve the new emissions reduction target, he said.

The new goal means a setback from the target of reducing emissions by 25 percent from 1990 by 2020, which was set in 2009 by the administration led by the Democratic Party of Japan. The DPJ is now an opposition party.

The new target also means that Japan’s emissions will increase by about 3 percent from the 1990 level.

The government scaled back its emissions reduction target due to great uncertainty over whether and when idled nuclear power reactors will be restarted. All of the nation's 50 reactors have suspended operations.

Environment Minister Nobuteru Ishihara will announce the new target and the financial assistance initiative at the 19th Conference of the Parties to the U.N. Framework Convention on Climate Change, or COP19, currently being held in Warsaw.

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