The industry ministry is considering introducing an emissions trading system for automakers in the late 2020s to encourage them to develop electric cars, Jiji reports. Under the system, an upper limit on greenhouse gas emissions will be set for each automaker. If an automaker’s emissions exceed the limit, it would be able to come under the limit by buying quotas off other companies.
In a sign of the shifting ground, Nissan Motor Co. on Friday joined General Motors Co. in exiting a group of automakers that had backed U.S. President Donald Trump in his bid to prevent California from imposing its own vehicle emissions rules.
The news came as the Environment Ministry said that Japan’s greenhouse gas emissions fell in fiscal 2019 for the sixth straight year to reach their lowest level since comparable data became available in fiscal 1990, partly due to the impact of the U.S.-China trade dispute, Kyodo reports.
Five years ago, countries agreed on a plan to chart humanity’s path away from climate catastrophe, with the landmark Paris deal paving the way to a greener, healthier future. Yet carbon pollution has continued its steady rise as temperature records tumble with increasing regularity.
Now, following a year of climate calamities — including record-smashing Antarctic heat waves, melting glaciers, wave after wave of drought and wildfire, as well as an unending string of megastorms — heads of state will this week seek to breathe new life into the Paris Agreement. But it’s questionable how much success they will find, reports AFP-JIJI.