Japan postponed plans for a national emissions trading scheme on Tuesday, bowing to powerful business groups that warned of job losses as they compete against overseas rivals facing fewer emissions regulations. The government has submitted a climate bill to parliament that includes a one-year deadline to design a national trading scheme. After Tuesday's delay, that bill faces revisions in the next parliamentary session that begins in January. The decision is a blow to the European Union's hopes that other top greenhouse gas polluters will introduce emissions trading schemes and follows setbacks to similar efforts in the United States and Australia...
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