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Tokyo Wants to Waste More Money on Global Warming

by BBelew57 on October 25th, 2007

Tokyo wants to waste more money on global warming or perhaps under the pretenses they are fighting global warming.

The government is asking for an increase in funding of 18% to Y1.4 trilion - $120 billion - next year to cut greehouse gas emissions.

Tokyo, among other things wants to create water source forests and introduce alternative energy.

The budget -

42% for efforts that will have a direct effect on Japan's international pledge to slash annual emissions of greenhouse gases by 6 percent between 2008 and 2012 compared to fiscal 1990.

18% for creating water source forests and other forests that would absorb carbon dioxide

9% for promoting nuclear power generation

8% for introducing new energy sources and related efforts

the rest for streamlining the use of energy; for acquiring credits for Kyoto mechanisms; for making houses and buildings more energy-efficient.

Other steps -  

1. development of fast-breeding reactors,

2. promoting an intelligent transport system

3. road maintenance and improvement in order to boost the use of the public transport system.

What global warming?

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POSTED IN: Doing Business in Japan