Tuesday, August 7, 2007

Japan to study carbon trading for companies-report

Japan is set to start discussions on letting private companies buy and sell greenhouse gas emissions credits, the Yomiuri Shimbun daily said on Sunday.

...Japan's most powerful business lobby, the Japan Business Federation (Keidanren) has strongly opposed introducing a carbon trading system, saying that it would be impossible to fairly allocate the credits.

...Japan's emissions were 14 percent above its Kyoto goal as of March 2006.

From Reuters AlertNet