## Figure3-1-2 The Outline of Action Plan for Achieving a Low-carbon Society (Cabinet Decision of July 29, 2008)

## Japan's goals

Contents of actions (abstract)

(Long-term goal)

Reduce 60-80% of its current level of GHG emissions by 2050

(Mid-term goal)

Announce Japan's total volume target in 2009

(International support)

Promoting "Cool Earth Partnership", which will fund around 10 billion dollars over 5 years

Establishment of the Climate Investment Funds within the World Bank, and start operation at an early stage in proactively engaging

## Dissemination of the development of innovative technologies and existing advanced technologies

CCS (Carbon Capture and Storage) technology

Commencement verification tests on a large scale →implementation

by 2020. (cost reduce to one quarter)

Clean combustion technology of coal

Increase the generation efficiency of Integrated Gasification

Combined Cycle (IGCC) power generation to 48% by around 2015

Innovative solar power generation

Increase the efficiency of electric power to 40%, from 2030, reduce

the Power generation cost to 7yen/kw

Fuel cells

Reduce the price to 400,000yen/kw in 2020s, improve durability to

9 hours

Super Efficient Heat pump

(Air conditioning and hot water supply for residential)

Cost and efficiency →2030 :3/4, 1.5 times, 2050, half, 2 times

Zero-emissions energy sources

(solar power and nuclear power in main)

Increase the proportion to over 50 percent by around 2020

Solar power generation

Regain the best position in the world, set targets of 10-fold by 2020,

40-fold by 2030

Next generation vehicles

Increase the sales volume of new vehicles by 50% in 2020, with a

range of 500km by 2030

Energy efficient lighting and Energy efficient lamps

Replace incandescent light bulbs with bulb-shaped fluorescent lamps

in principle by around 2012

Energy-efficient housing and buildings and 200-year housing

Conduct energy-efficiency on all housing and buildings (for newly

constructed) and widespread 200-year housing

Promotion of nuclear power

Aim to improve the utilization capacity to the level of major

nuclear-using countries, securing safety as first priority

Implementing Japan's own initiatives

Cut 8% compared to 2001 in GHG emissions by 2010-2012

## Framework to move the whole country toward reduced carbon

♦ Emission trading

Experimental implementation of an integrated domestic market from fall of 2008

♦ Making the tax system greener (Low-carbonized)

The government will carry out a cross-sectional review, including approaches on environmental taxes on a fundamental reform of the tax system from a perspective of promoting reduced carbon.

As an example, tax incentives to curb greenhouse gas emissions from cars, household appliances, housing and building will be examined.

Visualization of emissions

Visualize emissions of many goods, foodstuffs, services etc

♦ Guide flow of capital into environmental businesses

Promotion of community funds etc. and guide the Principles of Responsible Investment (PRI) in the financial institutions

## Support for regional and citizens' initiatives

◆Cut GHG emissions in the fields of agriculture, forestry and fisheries

Create Biomass Town to 300 by FY2010

◆Creating low-carbon cities and regions

Select 10 or so cities as environmental models during FY2008

◆Environmental education

Increase the number of ESD centers (UNESCO schools) to 500

◆National energy-saving campaign

Promotion of Team Minus 6%, Eco Action Point, Green IT, consideration of a daylight-saving time

みんなで止めよう温暖化

チーム・71+76%

Photos: courtesy of Mitsubishi Motors (Photo is a trial car), Sharp Corporation, Panasonic Corporation, Tokyo Gas Co

Figure3-1-3 6 Options for Mid-Term Targets

Marginal abatement costs for achieving targets

The Domestic Emissions Trading System is a system that first sets total emissions quotas, and then allocates emissions quotas to individual entities, as well as trading of emissions quotas with other entities and acknowledging the utilization of the Kyoto Mechanism Credit. “The trial implementation of an integrated domestic market for emissions trading” has started based on the decision by the Global Warming Prevention Headquarters in October 2008. Total emissions of the businesses that requested inclusion participation covers nearly 70% of Japan’s industrial sector’s emissions, as of March 2009.