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A Japanese company is planning to build the world's tallest wooden skyscraper, to mark its 350th anniversary in 2041.

10% of the 70-storey W350 tower would be steel, combined with about 180,000 cubic metres of indigenous wood.

There will be about 8,000 homes, with trees and foliage on balconies at every level, it said.

A "braced tube structure", diagonal steel vibration-control braces at the centre of a 350m (1,150ft) wood and steel column, would protect against Tokyo's regular earthquakes, it said.

The projected cost of the building is about 600bn yen (£4.02bn; $5.6bn), about twice the cost of a conventional skyscraper of the same size.

However, Sumitomo says it expects costs to fall before the building's 2041 scheduled completion date due to technological advances.

No. Japan actually passed a law in 2010 requiring construction companies to use wood for public buildings that are below three storeys high.

It's not a new concept worldwide either.

Wooden skyscrapers can be found across the globe, from an 18-storey office building in Minneapolis made from timber to a 53m-high block of student flats in Vancouver that currently holds the title of world's tallest wooden skyscraper.

Concrete and steel buildings leave behind a carbon footprint, and are thought to be responsible for about 8% and 5% of global emissions respectively.

Wood, on the other hand, stores carbon instead of emitting it back into the atmosphere.

Japan also has large forests, covering approximately two thirds of land area.

Fire-resistance is obviously one key factor.

However, cross-laminated timber (CLT), a building material that is becoming more common, is designed to be fire resistant and unlike steel, remains more structurally stable when subjected to high temperatures.

It's a lot more expensive to build a wooden skyscraper, so chances are you're not going to see them pop up across your neighbourhood anytime soon.