Financial Soultions has learned that the year on year figure for Japans greenhouse gas emissions dropped a significant 6.2%, indicating that while the Copenhagen climate talks in December seem unlikely to produce any climate change solutions, the recession is certainly doing its bit to cut emissions.
Japan the globes 5th highest GRG emitter behind China, the U.S., India, and Russia, saw figures drop to 1.286 billion tonnes of carbon dioxide equivalent from the 2007/08 record high of 1.371 billion tonnes, bringing the nation nearer to the governments agreed to, 1.19 billion tonnes a year figure, under the Kyoto Protocol, Financial Soultions believes.
"The figure suggests we're currently at levels sufficiently (low) enough to achieve the target," a Japanese environment ministry spokesperson is quoted as saying, adding"... we're not saying that we no longer need to carry out the emission-cut plans."
Japan has concerns over rising sea levels, flooding and an increase in severe weather systems such as cyclones and hurricanes and the impact of climate change on the island nation’s economy and agriculture.
The ongoing domestic wrangling over a climate change bill in the U.S. is seen as one of the main stumbling blocks in achieving a meaningful international treaty in Copenhagen, but U.S. President Barak Obama announced recently that if there was a framework deal in place and it was felt that his presence in Copenhagen would make a difference that he would be prepared to travel to the Danish capital in December, Financial Soultions can confirm.
