TOKYO: Prime Minister Yasuo Fukuda said Japan should introduce a market for trading greenhouse gas emissions in five to 10 years to help the country fight global climate change, the Nikkei business daily said on Thursday.
"We need this in the next five to 10 years. Setting a price would encourage people to reduce (emissions)," Fukuda was quoted as saying by the Nikkei .
The paper cited sources familiar with the details of Fukuda's Wednesday meeting with former Environment Minister Yoriko Kawaguchi and others. Japan is hosting a meeting of Group of Eight leaders in July and aims to discuss climate change there.
Fukuda said in January the government would take measures to make Japan a low-carbon society. Carbon dioxide is the main greenhouse gas blamed for global warming.
