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Japan Shelves Carbon Emissions Trading Scheme
Written by Hugh Sharman   
Wednesday, 29 December 2010

Japan is the most energy efficient country on Earth as defined by energy consumed per dollar GNP. It is the birthplace of the Kyoto Accord. Since hosting that event, it has also been the industrial country that has most sincerely and most effectively squeezed energy consumption further, often to the detriment of its citizens. Japan has clearly "had enough" of the ETS.

 

At Cancún, it announced its intention to abandon the carbon emissions trading scheme that has resulted in negligible real emission reduction at vast cost to European citizens and the spectacular, Denmark-centered, Euro multi-billion fraud that remains under investigation by Europol (http://www.europol.europa.eu/index.asp?page=news&news=pr091209.htm) .

We believe that the UK Coalition Government, another island nation fast running out of the fossil fuels that cloaked fundamental economic weaknesses, should wake up to the deadly risks it is running with the UK economy by putting the so-called climate change agenda ahead ahead of vital energy security and should follow Japan's lead in abandoning the useless ETS and focus the Nation's resources instead on how to revive the economy as imported fossil fuels become ever more expensive and harder to access.

 

 

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