(Japanese) Bill stipulates 25% CO2 cuts (from 1990 levels by 2020)

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http://www.yomiuri.co.jp/dy/national/T100227004393.htm

Bill stipulates 25% CO2 cuts

The Yomiuri Shimbun

The government will set a midterm target of reducing greenhouse gas emissions by 25 percent from 1990 levels by 2020 if all major emitters agree with a fair, effective framework, according to the outline of the bill to tackle global warming.

The outline, announced by the Environment Ministry on Friday, also stipulates that until such an agreement is reached, the government will instead focus on its long-term target to slash greenhouse gas emissions by 80 percent by 2050.

The bill includes the government's basic environmental measures such as:

-- Creating an emissions quota trading system, under which ceilings for greenhouse gas emissions from large private firms are set by the government, and firms that fail to keep their emissions below the set caps can purchase emission quotas from companies that succeed in controlling their emissions.

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