There’s good news and bad news about a 10% drop in CO2 emissions overall in FY08 in Japan.
The good news for the CO2 watchers is that emissions are down. Yeah, I said that. The bad news is that five major industries – steel, chemicals, oil, paper and cement — are suffering from steep production cuts.
“The five industries accounted for a quarter of Japan’s total emissions of climate warming gases in fiscal 2007.”
Japan can now say it is closer to meeting its Kyoto Protocol targets. The 10% drop translated to about 30% of the required cuts Japan needs to make. 2009 promises to bring Japan even closer…unfortunately.
Sad to say, the best (only?) way to meet targets, is to stop production.