Japan's CO2 reduction target may cost households up to $8,600 a year | WHAT REALLY HAPPENED


Japan's CO2 reduction target may cost households up to $8,600 a year

Meeting Japan's emissions-reduction target may cost households between $1,465 (£878) and $8,600 a year, according to a government-appointed task force.

The group warned that achieving the nation's stated target of cutting CO2 emissions by 25 per cent on 1990 levels by 2020 would lead to a significant fall in disposable income for households, based on the assumption that the goal would be achieved only through domestic efforts – without the purchase of carbon offsets from overseas – and that the nation's economy expands 1.3 per cent annually.

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