Welcome

 

JAPAN BUSINESS LEADER WANTS CARBON TAX

WHO

Masamitsu Sakurai, head, the Keizai Doyukai (Japanese Association of Corporate Executives) & chairman, Ricoh Co.; Petroleum Association of Japan



 



Where the emissions come from in Japan, 1. (click to enlarge)

WHAT

Sakurai called for a carbon tax in Japan to help control greenhouse gas (GHG) emissions. In response, the Petroleum Association said a carbon tax is an unnecessary burden on the economy and the government should ask voluntary measures of businesses.

WHEN

A carbon tax was originally proposed by the Keizai Doyukai in January 2006.

WHERE

The tax would apply to fossil fuels in a effort to push the country toward its Kyoto Protocol goals.

WHY

- The carbon tax was proposed by Keizai Doyukai as part of a broad tax reform.

- Nippon Oil Co. and other Japanese refiners said the tax would curb growth.

- The country’s environment ministry would levy the tax on petroleum products: 2400 yen ($21)/ton of emissions for homes using kerosene and liquefied petroleum gas for cooking and heating. Factories would be taxed for coal, heavy fuel oil and natural gas.

- Half of the Japanese gas pump price (currently 145 yen/liter) is tax. This includes an oil and gas taxation, a consumption taxation and a gasoline taxation.

Where emissions come from in Japan, 2. (click to enlarge)

QUOTES

- Sakurai, for Keizai Doyukai: ``The country needs such an environment tax…We need higher rates of the carbon tax to be imposed on goods and services.''

- Statement, Petroleum Association of Japan: ``A carbon tax would be an unnecessary burden on Japan's economy…The government needs to find measures that prompt private companies to voluntarily step up efforts to reduce emission volumes.''

Source : By Herman K. Trabish(Herman K. Trabish), dated 28/10/2007

 

Privacy Policy|Disclaimer|Advertise|Sponsor

Copyright © 2001 Sriviven Software

Site Optimized for view with IE5+ 800 * 600