Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
Visit WSJ.com: Environmental Capital
Japan Backpedals on Emissions Targets
Posted on June 25, 2009
Who said peer pressure doesnt work? After getting slammed by the international community two weeks ago for setting what were perceived as unambitious emission reduction targets, Japan is backpedaling. As the WSJ reported, the worlds second largest economy and fifth biggest greenhouse gas emitter originally offered up a 15 percent reduction in its emissions by 2020. There was a rub, though. The country wanted that reduction over 2005 levels, rather than 1990 levels, the baseline year used in the Kyoto Protocol. And since Japans emissions have been steadily climbing in recent years, that meant t...
Original article link
Subscribe to WSJ.com: Environmental Capital