### Chart I-3. Japan's Climate Change Policies

## Cool Earth 50 (May 2007)

### 1. Long-Term Strategy

• Share global long-term goal of reducing global greenhouse gas emissions by 50% from the current level by 2050.

• Long-term vision of developing innovative technology and building a low-carbon society.

### 2. Three Principles to Build a Framework beyond 2012

(a) All major emitters must participate and reduce global emissions, moving beyond the Kyoto Protocol.

(b) Adopt a flexible and diverse framework to meet the circumstances of each country.

(c) Utilize energy saving and other technologies to achieve both environmental protection and economic growth.

• Build a new financing mechanism of an appropriate scale over the long term to support ambitious developing nations.

3. Mobilize people to achieve the Kyoto Protocol target

• Call for reducing GHGs by “1 person, 1 day, 1 kg”; solicit new proposals.

## Cool Earth Promotion Programme (January 2008)

### 1. Post-Kyoto Framework

•IPCC warning that global greenhouse gas emissions must peak within 10 to 20 years, and to be reduced by at least half by 2050.

• Establish quantified national emission reduction targets for each country with the major emitting countries toward reducing greenhouse gas emissions.

• Ensure fair the equity of reduction obligations when setting goals by calculating energy efficiency by sector and tallying up the reduction volume that will be achieved based on the technology to be in use in the future.

### 2. International Environmental Cooperation

• Share a goal of improving global energy efficiency by 30% by 2020.

• Establish the Cool Earth Partnership, a new financial mechanism on the scale of US$10.0 billion to support efforts by developing countries to combat global warming.

### 3. Innovation

• Develop innovative technologies and shift to a low-carbon society. Invest about US$30.0 billion over the next 5 years with an emphasis on R&D for the environment and energy.

## I n Pursuit of "Japan as a Low-Carbon Society" (June 9, 2008)

### 1. Japan's Mid-Term and Long-Term Goals

## 1 ) Long-Term Goals

• Share a goal of reducing global greenhouse gas emissions by 50% by 2050 with G8 and major emitters.

• Japan, as a developed country, must contribute more than developing countries and will set a goal of reducing greenhouse gas emissions by 60 to 80% from current levels by 2050.

## 2 ) Mid-Term Goals

• In order to achieve the long-term goal of 50% reduction by 2050, it is necessary that global emissions peak in the next 10 to 20 years. Sectoral approaches will be effective tools to meet these goals.

• Promote an establishment of international consensus on methodology to set national goals. Urge each country to report

on outcomes of analysis for this subject in COP14. Japan will announce its national target at an appropriate time in 2009.

### 2. Concrete Measures (Four Pillars)

1) Develop new innovative technologies and disseminate existing advanced technologies

• Contribute a maximum of US$1.2 billion to a new multinational fund to support efforts by developing countries to deal with climate change.

• Propose International Partnership for Environment and Energy at the G8 Hokkaido Toyako Summit to accelerate efforts toward innovative technologies.

• Increase use of solar energy by 10 times by 2020 and by 40 times by 2030 in order to recover position as world leader in solar energy.

• Convert all light bulbs from incandescent to low-energy bulbs by 2012.

• Develop systems to oblige energy efficient homes and buildings, and promote housing which last 200 years.

2) Structure to move the entire country toward a low carbon society

• Trial run integrated domestic market for emissions trading from the fall of 2008.

• Implement a comprehensive review of the tax system including green taxation such as introduction of environmental taxes.

• Implement trial carbon footprint system from FY2009 to promote visibility of $ CO_{2} $ emissions.

• Select 10 environmental model cities, and provide government backing for bold breakthrough efforts.

4) Nation-led low-carbon society

• Consider introduction of summer time system, and establish July 7 as Cool Earth Day.