Japan may meet Kyoto carbon emission target
A new report from Japan’s Environment Ministry claims the country is on target to cut greenhouse gas emissions by an estimated average of 8 percent below 1990 levels for the five years ending in March, meaning it will meet its commitments under the Kyoto Protocol.
Japan’s binding target is to cut greenhouse gas output by 6 percent from 1990 levels for fiscal 2008-2012. Kentaro Doi, ministry official in charge of emissions data told Bloomberg that emissions are projected to be 1.277 billion metric tons for fiscal 2011 and 1.316 billion tons in the twelve months ending March 31, 2013.
Many observers, including CleanBiz.Asia’s editors, were expecting Japan to miss its Kyoto Porotol emission target following the since the country’s consumption of fossil fuel has increased dramatically since the Fukushima nuclear disaster and the subsequent shut down of nuclear reactor fleet.
After taking into account the absorption of carbon dioxide by forests and credits earned for offsets outside the country, however, Japan’s emissions are projected to be an average of 8 percent below 1990 levels, Doi said.“We will keep implementing renewable energy and energy- saving measures as we still have six more months to go” before the fiscal year ends, Doi said.