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Tokyo Stock Exchange begins trade in carbon credits

TOKYO, Oct 12 (Reuters) - Japan's Tokyo Stock Exchange (TSE) started trading carbon credits on Wednesday, as the world's fifth-largest carbon dioxide (CO2) emitter put in place a key element of its strategy to tackle climate change.

Seeking to become carbon neutral by 2050, Japan is following a similar path to other major economies. In April, it began the phased introduction of a carbon pricing scheme to encourage companies and cities to curb emissions.

Via the new market, registered members can trade the existing carbon credit, known as J-Credit, on the TSE, a unit of Japan Exchange Group Inc (8697.T).

Under the J-Credit system, the government certifies as a "credit" the amount of greenhouse gas emissions, such as CO2, reduced or removed through efforts to introduce renewable energy or energy-saving equipment or managing forests. ...continue reading

Source: TBS NEWS

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