Japan aims for deeper carbon cuts

Japan's Prime Minister-elect says he wants to cut the country's carbon emissions by 25 percent by 2020.

The world's number two economy will now aim to cut its carbon emissions by 25 percent.

It was at a meeting on climate change where the country's prime minister elect Yukio Hatoyama made this announcement.

JAPANESE PRIME MINISTER-ELECT YUKIO HATOYAMA SAYING:

"We aim to cut carbon gas emissions according to what scientific studies have told us is necessary and by 25 percent from 1990 levels by 2020."

Despite growing opposition from many industries he said it was time to join other nations in the fight against cutting carbon.

JAPANESE PRIME MINISTER-ELECT YUKIO HATOYAMA SAYING:

"It is crucial that all nations deal with this issue as a common but differentiated responsibility."

Japan's carbon emissions rose above their Kyoto agreement by more than16 percent increasing pressure on the Tokyo to act against climate change.

According to the Democratic Party, Japan's aim to reduce carbon emissions by 2020 from the 1990 levels will allow the country to play a bigger part in U.N.- backed climate talks in December.

But many in the country are unhappy with Hatoyama's decision.

A government report showed many industries among them auto makers and chemical makers fear the reduction in emissions coud ultimately lead to job cuts.

In order for Japan to lower its carbon emissions the government is considering a new carbon tax and a financial rewards system for renewable energy sources.

Basmah Fahim, Reuters.