Tokyo exchange eyes expanded carbon credit trading by big companies

Japan market lags far behind similar efforts in China, South Korea

20240523N TSE with smokestacks

About 310,000 tonnes in carbon credits have been traded on the TSE market since it opened. (Source photos by Nikkei)

YUTA KOGA and SHIKO UEDA, Nikkei staff writers

TOKYO -- The Tokyo Stock Exchange aims to revitalize Japan's lagging carbon credit market by making it easier for major companies with high emissions to participate starting in November.

The TSE opened a market to buy and sell Japanese government certified credits in October. Since then, 310,000 tonnes in carbon credits have traded there, a low number compared with similar markets overseas.

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