Japan’s New Green Deal

February 12, 2009 / No Comments

Japan’s PM Taro Aso is ordering his ministries to draft a “Green New Deal” this week. The “Green New Deal” is expected to counter the twin towers threats of climate change and economic downturn.

green new deal Japans New Green Deal

Green New Deal

Aso’s stimulus package will focus on slashing greenhouse gases.

Aso is expected to fall in step with new US President Barack Obama vow to lead the world on climate change. High on the agenda – new measures to encourage the development of fuel-efficient cars.

UN Secretary General Ban Ki-moon is also asked for a “Green New Deal” at a UN climate conference in Poland in December.

Japan pledged to reduce carbon emissions up to 80 percent by 2050. The mid-term target for the country will be announced in June.

Tokyo wants to cut carbon dioxide emissions by 15 percent from 1990 levels by the year 2020. Fat chance of that happening.

Aso’s panel 9s canvassing opinions from business leaders before making formal recommendations in June.

Japan may need to require a 20-fold increase in solar power usage and a 40 percent boost in next-generation environmentally friendly car usage.

Leaders of the G8 — Britain, Canada, France, Germany, Italy, Japan, Russia and the United States — agreed to cut carbon emissions by 50% by 2050 at their summit last year. Lots of talk … little action, eh?