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Japanese Upper House elections could delay ETS

13 Jul 2010 14:00
POINT CARBON ANALYSIS - In a stunning turn of events, the incumbent Democratic Party of Japan (DPJ) incurred substantial losses in the elections for the Upper House of the Diet of Japan on Sunday, 11 July 2010. This development may cause a delay passing a Basic Law on Global Warming and establishing a mandatory nation-wide emissions trading scheme as discussed in the Point Carbon CMA”Can Kan in Japan? Prospects for Japanese Climate Policies and Markets”, published 9 July 2010. There are many votes in the Upper House favoring some sort of Basic Law on global warming, but the DPJ will need to horse-trade with other parties to get the necessary support. Political support for the conditional 25 percent reduction target on 1990 levels by 2020 remains.

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