An Environment Ministry panel has reported in a recommendation that a carbon tax will be helpful in achieving the government’s 80 percent target for reducing greenhouse gas emissions from 1990 levels by 2050.
The experts said in the report Saturday that the government should start making a full-fledged effort to achieve the goal and proposed introducing a carbon tax on emissions and an emissions trading scheme.
A new international framework adopted late last year calls for limiting the average rise in the world’s temperature to less than 2 degrees from levels before the Industrial Revolution.
The new framework, a successor to the 1997 Kyoto Protocol for reducing heat-trapping gas emissions, was agreed on at the 21st Conference of the Parties to the U.N. Framework Convention on Climate Change, or COP21, in France.
The panel, headed by Science Council of Japan President Takashi Onishi, also said that thermal power plants should be equipped with carbon capture and storage, or CCS, systems. He said that investing in coal-fired thermal power generation that emits massive amounts of greenhouse gases involves huge risks.
The panel also said that the introduction of renewable energy sources will help improve the fundamental strength of local economies and promote regional revitalization.