Japan to encourage companies to participate in emissions trading

Government will make 20 trillion yen available to assist decarbonization

20240111 thermal power plant

A thermal power plant in Japan -- the government is looking for ways to get companies to participate in carbon trading. (Photo by Makoto Okada)

SHUNSUKE USHIGOME, Nikkei staff wrieter

TOKYO -- The Japanese government will make 20 trillion yen ($137.4 billion) available for decarbonization support to encourage companies to participate in the emissions trading system (ETS), Nikkei has learned.

Company participation in the ETS, which began on a trial basis in Japan last year, is still optional but the government will make participation a requirement for companies to receive its financial support for going greener.

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