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Completion of Carbon Credit Market Demonstration
Feb. 06, 2023Since September 22, 2022, Tokyo Stock Exchange has been conducting the Carbon Credit Market Demonstration, which is a trial trading as part of the "Technical Demonstration Project for Carbon Credit Market" commissioned by the Ministry of Economy, Trade and Industry (METI) and January 31, 2023, was the last trading day of the demonstration.
The total trading volume during over four months of the period was 148,933 tons of CO2, with 183 companies participating in the J-credit market as demonstration participants such as listed companies, financial institutions and local public related bodies.
In the trend toward the global environmental protection, in December, 2020, Japanese Government decided “Japan’s Green Growth Strategy Through Achieving Carbon Neutrality in 2050”. In February, 2021, METI set up the study group on ideal economic and other approaches for achieving worldwide carbon neutrality and is expected to move forward with the full-scall infrastructure development to achieve “the Carbon Neutrality in 2050” in the future.
(Futures Tribune・issued January 31, 2023・no.3194)
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