Japan starts its first carbon credit exchange to cut emissions

By Nada Ali On Oct 11, 2023

Trade minister Yasutoshi Nishimura speaks at a ceremony at the Tokyo Stock Exchange on Wednesday to launch a new platform for the trade of carbon credits.

Japan’s Tokyo Stock Exchange (TSE) began on Wednesday trading of government-certified carbon emissions credits as part of efforts to accelerate decarbonisation in the private sector.

Japan plans for a carbon pricing mechanism and emissions trading system, aiming to cut emissions by 46 percent from 2013 levels by 2030 and achieve net zero by 2050.

The Japanese government hopes carbon pricing will add value to eco-friendly products and businesses, and help drive clean investment under its flagship GX climate policy.