Japan advisers urge quick adoption of carbon pricing to hit emissions goal



Leika Kihara | Reuters

TOKYO (Reuters) – Japan must introduce carbon pricing and fiscal incentives for green investment to achieve its goal of becoming carbon-neutral by 2050, private-sector members of a key government panel said on Wednesday.

Prime Minister Yoshihide Suga last December instructed his environment and industry ministries to work on a plan in 2021 to create a carbon pricing scheme, as part of efforts to meet his pledge to make Japan carbon-neutral by 2050.

But progress has been slow due to differences between the environment ministry, which is keen to adopt carbon pricing, and the industry ministry, which is wary of initiatives that increase costs for Japan’s manufacturers.

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