International Emissions Trading Association

This case study covers the experimental Japanese voluntary ETS, the J-Credit System, the Tokyo Cap-and-Trade Program, the Joint Crediting Mechanism, Commentary on Market Functioning, and Policy Distinction. Remarks: This case study is co-authored by the IGES, the International Emissions Trading Association (IETA), and the Environmental Defense Fund...

Over the past decade, Japan has an emerging carbon market, which was non-existent before the Kyoto protocol. While there have been discussions regarding cap-and-trade at the national level, compulsory policies remain extremely controversial with particularly strong opposition from the industrial sector. Currently, Japan has decided neither to...