• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 11 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 9 hours America's pandemic dead deserve accountability after Birx disclosure
  • 10 hours U.S. Presidential Elections Status - Electoral Votes
  • 3 days Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 3 days Fukushima
  • 3 days Biden about to face first real test. Russia building up military on Ukraine border.
  • 2 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 3 days Joe Biden's Presidency
  • 2 days New Chinese Coal Plants Equal All those in U.S.A
Lithium Prices Could Triple As EV Production Soars

Lithium Prices Could Triple As EV Production Soars

The electric vehicle production boom…

Are Bitcoin’s Environmental Risks Overblown?

Are Bitcoin’s Environmental Risks Overblown?

Bitcoin has received a lot…

Carbon Finance

Carbon Finance

Carbon Finance is a monthly newsletter and e-mail update service providing in-depth coverage of the global markets in greenhouse gas emissions.

More Info

Premium Content

Japan’s 2020 Emissions Target Under Review Following Fukushima Disaster

Japan’s 2020 emissions target is under question as a result of the Fukushima nuclear disaster, Japanese officials have conceded.

"It is true that our reduction target will be affected significantly," Reuters reported vice environment minister Hideki Minamikawa as telling reporters on Sunday ahead of UN climate talks in Bangkok, citing Japanese newspaper the Yomiuri Shimbun. "The target year and the size of the reduction will be up for review."

Japan has pledged to reduce emissions 25% below 1990 levels by 2020, conditional on other industrialised countries making similar reductions.

Senior officials in Tokyo have been less direct, with Reuters quoting chief Cabinet Secretary Yukio Edano, the number-two official in Japan's cabinet, as saying on Monday: "At the moment, we have not decided whether to review the target and we are not at a stage where we can make a decision."

Last week, in the first official comment on the issue, environment minister Ryu Matsumoto said that Japan had no immediate plans to review its 2020 target. However, given that Japan’s emissions targets are dependent upon a substantial contribution from low-carbon nuclear generation, commentators have speculated that climate change targets would inevitability come under scrutiny in response to the earthquake, tsunami and ongoing nuclear disaster.

Meanwhile, Japan remains committed to its Kyoto Protocol commitment to cut emissions by 6% from 1990 levels over the 2008-2012 period, Takehiro Kano, director of the climate change division of the Ministry of Foreign Affairs, told Reuters.

Analysts in the carbon market expect that demand for Assigned Amount Units is set to rise, as Japanese utilities plug the gaps in their electricity supply with fossil fuel capacity, making it harder to reach the Kyoto Protocol target.

However, longer-term targets would become very expensive for Japan to meet if its nuclear fleet was substantially reduced in size, or kept offline for an extended period.

Source: Carbon-financeonline.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News