Is Japan's position on cutting carbon reasonable?

Is Japan's position on cutting carbon reasonable?
Japan has set itself more modest carbon targets than Europe but says it will make these cuts internally, without relying on overseas offsetting projects. Is this a reasonable stance or is it the overall level of carbon reduction all that matters?
Fair enough - it will make real cuts within its own industry
Failing the planet - it doesn't matter where carbon cuts are made, so long as they happen

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