Japan Shops for Air to Meet Kyoto Global Warming Goals
Japan is on a shopping spree to buy air to meet its Kyoto Global Warming goals.
More specifically, Japan is buying rights from countries around the world to emit carbon dioxide and other heat-trapping greenhouse gases.
Japan’s greenhouse gas (GHG) emissions last fiscal year, which ended on March 31 this year, totaled 1.341 billion tons of CO2 equivalent.
That figure is down 1.3% from fiscal 2005 but up 6.4% from fiscal 1990.
Under the protocol, Japan must reduce its annual GHG emissions by 6% to 1.185 billion tons of CO2 equivalent on average between 2008 and 2012 from 1.261
billion tons of CO2 equivalent in 1990.
Tokyo figures it's not going to make it. So, when Japan can't meet a goal, they buy their way.
Is this fair?
After all, the goals were set in Japan, in Kyoto?