How Japan’s carbon levy and rebate scheme would work
The measure could be popular with industry for its simplicity, especially compared with Norway’s cap-and-trade scheme. But like other carbon curbs, it will face opposition from developing countries
Japan has proposed a global carbon levy scheme at the International Maritime Organization. The ‘feebate’ system of charges and rebates — which opens the door to carbon offsets — joins proposals by the Marshall Islands, Norway, and industry groups for debate by IMO states
If content does not display, please refresh your browser.