Today marks the first anniversary of the Carbon Credit Market at the Tokyo Stock Exchange, a significant milestone in Japan’s journey towards carbon neutrality. Since its inception, the market has witnessed a steady growth in participants and trading volume, reflecting a positive response from the industry. With nearly 300 registered participants and a substantial trading volume, the market’s impact on environmental sustainability is becoming increasingly apparent.
Launched with a focus on J-credits, the Carbon Credit Market has undergone strategic revisions, including the introduction of a market-maker scheme, to enhance liquidity and market efficiency. The Japan Exchange Group, Inc. remains committed to advancing carbon neutrality in Japan through the successful operation of this market, fostering a sustainable future for the nation.
Ryuzaki Takatsugu, Director-General of the GX Policy Group at the Ministry of Economy, Trade, and Industry, commended the Tokyo Stock Exchange on this anniversary milestone. The Ministry’s efforts in developing an emissions trading system have been instrumental in promoting the trading of J-credits, encouraging widespread participation from various sectors. Establishing mechanisms for trading environmental values and ensuring transparency in carbon pricing are crucial steps towards achieving carbon neutrality by 2050.
Expressing gratitude to all market participants, Iwanaga Moriyuki, President and CEO of the Tokyo Stock Exchange, emphasized the market’s role in facilitating carbon price discovery. As the market prepares to introduce “GX Credits” and transitions into full-scale operation in the coming years, the focus on carbon pricing is expected to intensify. Collaborative efforts with stakeholders, including the Ministry of Economy, Trade, and Industry, will be pivotal in advancing the “Pro-Growth Carbon Pricing Concept” and driving sustainable practices.
Looking ahead, the Carbon Credit Market is poised to become a vital infrastructure supporting environmental initiatives and fostering a culture of sustainability in Japan. As the market continues to evolve and attract greater attention, its contributions to the broader goal of carbon neutrality are set to increase significantly. By promoting transparent and efficient trading practices, the market plays a crucial role in shaping a greener future for the nation.
For more information on the Carbon Credit Market and its specifications, interested parties can visit the dedicated website or contact the Tokyo Stock Exchange’s Carbon Credit Market Office. With ongoing developments and a growing emphasis on environmental values, the market is well-positioned to drive positive change and lead Japan towards a more sustainable and eco-conscious future.
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