Wednesday, February 29, 2012

Japan's energy crisis puts ETS launch on ice

Leo Shanahan

JAPAN has become the latest major world polluter to rule out introducing a carbon price or carbon tax in the near future, as it struggles with power shortages and a rising yen caused by the euro crisis.

Senior Japanese diplomatic officials in Tokyo have told The Australian there is "no chance" of the country adopting a scheme similar to Australia's carbon tax or emissions trading scheme in the foreseeable future.

Read more: http://www.theaustralian.com.au/national-affairs/climate/japans-energy-crisis-puts-ets-launch-on-ice/story-e6frg6xf-1226284525560

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