Japan Cuts Emissions Goal in Setback for Climate Talks

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Japan, the world’s fifth-largest producer of carbon dioxide, watered down its target to cut greenhouse gas emissions in a move that critics say will set back United Nations talksBloomberg Terminal to tackle climate change.

The new target reverses course from the goal set four years ago by allowing a 3.1 percent increase in emissions from 1990 levels rather than seeking a 25 percent cut.