06/18/2008 05:12 am ET | Updated May 25, 2011

Japan PM's Energy Plan Takes Heat From Both Sides

TOKYO (AFP) - Japan's new plan to force industry to slash carbon emissions came under fire Tuesday both from business leaders fearing it was too costly and environmentalists who said it did not go far enough.

Defying parts of the business community, Prime Minister Yasuo Fukuda on Monday announced a "cap-and-trade" system that restricts emissions blamed for global warming while providing an economic incentive through credit trading.

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