Japan shelves carbon emissions trading scheme

Newswire

TOKYO, Dec 28 (Reuters) - Japan postponed plans for a national emissions trading scheme on Tuesday, bowing to powerful business groups that warned of job losses as they compete against overseas rivals facing fewer emissions regulations. National Strategy Minister Koichiro Gemba said after a cabinet meeting that the scheme needed further careful study, indicating that it had effectively been shelved. The decision followed setbacks to similar efforts in the United States and Australia, and ...

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