Japan to mull bolder emissions target, carbon pricing scheme next year - vice minister
(Reuters, 21 Dec 2020) The environment and industry ministers will work on a plan next year to create a carbon pricing scheme as part of efforts to make Japan carbon-neutral by 2050.
Japan will look at reducing greenhouse gas emissions beyond its current target for 2030 and lay out details next year on a carbon pricing scheme that won't rule out a carbon tax, the environment ministry's top bureaucrat said on Monday.
Prime Minister Yoshihide Suga on Monday instructed his environment and industry ministers to work on a plan next year to create a carbon pricing scheme, which will be part of efforts to meet his pledge to make Japan carbon-neutral by 2050.
Suga's instruction will have "huge implications" as it makes the idea official government policy, Vice Environment Minister Tokutaro Nakai told Reuters in an interview.
"Both ideas will be on the table for debate next year," he said, when asked whether the scheme would include a carbon tax and creation of an emissions-trading system.