FACTBOX: How Japan plans to meet its Kyoto emissions cut goal

Fri Nov 7, 2008 5:42am EST
 
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(Reuters) - Japan, the world's fifth-largest greenhouse gas emitter, plans to cut emissions to meet its commitments under the Kyoto Protocol in two ways.

The government plans more forest conservation at home while investing in clean energy projects abroad, which generates credits to offset emissions.

The other step is to seek voluntary pledges on emissions cuts by major industry sectors, including electricity generators and steel makers.

Unlike the European Union, Japan has been reluctant to impose a mandatory cap on companies' emissions because of past efforts by industry to conserve energy.

Its Kyoto goal is to cut greenhouse gas emissions to 1,186 million metric tons in carbon dioxide (CO2) equivalent a year on average between 2008 and 2012, bringing emissions down 6 percent from 1990 levels. It emitted 1,340 million tons in the year ended in March, 2007.

Japan is set to release emissions data for 2007/08 this month. The figures are poised to rise due in part to the indefinite shutdown of the country's biggest nuclear plant after a July 2007 earthquake.

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The halting of electricity production at Tokyo Electric Power Co's Kashiwazaki-Kariwa nuclear plant raises the electric power sector's CO2 emissions by 30 million tons a year by boosting the usage of coal and other fossil fuels.

Following is a rough guide to measures being implemented by Japan to cut CO2-equivalent emissions (per year, average).

The steel industry said last week it had stepped up buying of verified carbon reduction offsets, or VERs, to help meet the sector's voluntarily pledged emissions target.

Based on the figures for 2006/07, the latest data available, the aim is to cut national emissions by 154 million tons per year to meet the Kyoto target. Cuts will come from:

Public sector

- Forest conservation 48 million tons

- *Kyoto mechanism 20 million tons

Private sector  Continued...