Climate change in Japan of crude oil annually must reduce emissions by 15–20% of the average volume from the three years before this bylaw. Even with emissions trading or cap-and-trade, if the targeted reduction not is achieved by 2020, a penalty of up to JPY500,000 will be charged. This penalty chargeable regulation is the first in Japan. Japan created the Kyoto Protocol Target Achievement Plan to lay out the necessary measures required to meet their 6% reduction commitment under the Kyoto Protocol. It was first established as an outcome of the evaluation of the Climate Change Policy Program carried out in 2004. The main
International Climate Change Partnership businesses in promoting the coalition's preferred agenda in climate change policy formulation in the First Conference of Parties to the United Nations Framework Convention on Climate Change in 1995. The ICCP preferred an emissions trading scheme over a carbon tax. International Climate Change Partnership The International Climate Change Partnership (ICCP) is an organization of companies and trade associations from around the world working to influence international climate change legislation. The association began from mainly former businesses that had participated in the negotiations of the Montreal Protocol. In the mid-1990s the ICCP was the first major business coalition organization to advocate