Japan to Trade Emission Credits Through 2015, Government Says
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Japan can transfer and acquire carbon credits under the Kyoto Protocol until at least the second half of 2015 during a so-called “true up” period, government officials said today.
Japan joined New Zealand, Canada and Russia in declining to sign up for the treaty’s restrictions for the second round beginning next year. Envoys at United Nations climate talks in Doha agreed on Dec. 8 that countries with no emissions targets for 2013 and beyond won’t be able to acquire and transfer Kyoto permits and offsets.