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The likely shape of a Japanese ETS

02 Sep 2010 06:43
POINT CARBON ANALYSIS – The Japanese Ministry of the Environment released recommendations for the country’s planned emission trading scheme (ETS) on 31 August. Among three main design options, the most likely appears to be a hybrid system with an absolute cap for industrial and commercial sectors and intensity-based targets for the power sector. No recommendation is made on how to share the reduction burden within the ETS or between ETS and non-ETS sectors. Although the proposed start date is 1 April 2013, as expected, the main barrier for an ETS still seems to be the ability of the governing Democratic Party of Japan to pass the legislative framework for emission trading during the extraordinary autumn session of the Diet.

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POINT CARBON ANALYSIS – The Japanese Ministry of the Environment released recommendations for the country’s planned emission trading scheme (ETS) on 31 August. Among three main design options, the most likely appears to be a hybrid system with an absolute cap for industrial and commercial sectors and intensity-based targets for the power sector. No recommendation is made on how to share the reduction burden within the ETS or between ETS and non-ETS sectors. Although the proposed start date is 1 April 2013, as expected, the main barrier for an ETS still seems to be the ability of the governing Democratic Party of Japan to pass the legislative framework for emission trading during the extraordinary autumn session of the Diet.

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