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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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Japan's northern Akita Prefecture experienced a torrential deluge Friday, causing major flooding and the collapse of a bridge in Kamikoani Village.

Theft of air conditioner outdoor units has surged as Japan's heatwave continues, leaving some businesses unable to run critical cooling systems.

As power harassment allegations against the governor of Hyogo Prefecture continue to swirl, it has been revealed that another prefectural employee has passed away, with the prefecture delaying a formal announcement of the death by 3 months.

Osaka has topped the 'Japan Urban Power Rankings' for the fourth consecutive year. Conducted by Mori Building's think tank, the ranking evaluates 136 cities across Japan in six categories, including economy, culture, and environment.

Japan's total population stood at 124.88 million as of January 1 this year, a decrease of over 530,000 from the previous year, further accelerating the trend of a declining birthrate and aging population.

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