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Clifford Chance

Clifford Chance

Briefings

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.

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