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Fossil Fuel Tariff in Tokyo
As of October 1st, 2012, the Japanese government introduced a tax on petroleum and other fossil fuels to reduce the emission of carbon dioxide. Carbon Dioxide emission has been found to be a large contributor to the current state of global warming causing the tax to be paid to the Japanese government from both producers and importers of fossil fuels. All tax amounts are solely calculated by the amount or more specifically the volume of carbon dioxide emission. The tax has already taken form covering carbon dioxide emission from coal and oil, and it is predicted to draw in 260 billion yen annually in terms of revenue. All collected revenue will go to towards developing renewable forms of energy such as solar and wind power.

Households are steadily feeling the financial burdens as bills are predicted to increase 1,200 yen by the year 2016. While this will reduce the emission of fossil fuels to preserve the planet, many individuals and families have been enduring the hardships as the tax will take an estimate of ten percent out of their earned profits.