Japan torn on carbon trading

The first meeting of Japan's new government advisory panel on climate change was convened Wednesday, but the development of a national carbon trading scheme could be some way off.

With the name of its former capital attached to the 1997 Kyoto Protocol û the most significant international agreement on global warming yet devised û Japan is facing pressure to take a leading role in the fight against climate change, and carbon trading is the topic currently getting most attention.

In July this year, the G8 group meets in Japan, and during a parallel climate change summit, the Japanese host government will be keen to announce some breakthrough. ItÆs perceived...

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