Japan begins carbon credit trading trial on TSE – News

People with TV cameras wait for the market to open in front of a large screen showing stock prices at the Tokyo Stock Exchange in Japan on October 2, 2020. REUTERS/Kim Kyung-Hon/File Photo

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TOKYO, Sept 22 (Reuters) – Japan began trial trading of carbon credits on the Tokyo Stock Exchange (TSE) on Thursday as the world’s fifth-largest carbon emitter aims to create a nationwide market system to help achieve carbon neutrality by 2050.

The TSE, a unit of Japan Exchange Group Inc (8697.T), has been commissioned by the Ministry of Economy, Trade and Industry to run the pilot project as the ministry prepares to set up the first exchange-based market for trading carbon credits. , to help participants offset their emissions or monetize reduced emissions.

Under the trial, registered members, numbering 145 as of Thursday, can trade existing carbon credits, known as J-credits, certified by the government. They have been traded over-the-counter on a voluntary basis since 2013.

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The J-Credit scheme is designed to certify as credits reductions in emissions of greenhouse gases such as carbon dioxide, as well as prevention or removal of emissions through energy-saving devices, forest management and other methods.

On TSE, trading hours are 9:00-11:29 am and 12:30-2:59 pm (0000-0229 and 0330-0559 GMT). Transaction prices are set twice a day and published after trading hours.

The trial will continue until the end of January, followed by government review and possible improvements to the system before official launch.

“If all goes well, we would like to go into full-scale operations by early April next year,” said an Industries Ministry official.

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Reporting by Yuka Obayashi; Edited by Edmund Claman

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The article is in Bengali

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