Clifford Chance
Recent changes in Japanese legislation against global warming and their impact on real estate transactions
7 January 2011
Tackling global warming is generally regarded as an important international issue, and Japan as a member of the international community has accepted an obligation to reduce emissions of greenhouse gases (GHGs). Japan has announced a target to reduce the emissions of GHGs by 25% by 2020 (compared to the 1990 level) under certain conditions in order to fulfil this obligation.
In this briefing we give a summary of the laws and regulations that were recently enacted or amended to achieve the target and their impact on real estate transactions.
