Tokyo to Provide Tax Cuts for Energy Conservation, Yomiuri Says

By Jason Clenfield, Bloomberg, Jan. 5 2009

Tokyo’s metropolitan government may provide tax cuts for small and medium-sized companies that invest in energy-saving equipment, according to the Yomiuri newspaper.

The tax breaks, expected to total about 25 billion yen ($270 million) over five years from April, would be available to about 40,000 companies that have invested in energy-saving appliances, including air conditioners and lighting systems, the newspaper said, without citing anyone.

Tokyo is the first Japanese city to require large companies to reduce carbon-dioxide emissions that contribute to global warming from fiscal 2010, the Yomiuri said. The tax cuts under consideration would encourage smaller firms not covered by the rule to invest in reducing energy consumption, the newspaper said.

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