Japan moves towards carbon trading

Japan has taken a step towards its planned establishment of a domestic market for carbon trading, as part of a larger move towards setting up a full cap and trade scheme in the next few years. 

The Tokyo Stock Exchange (TSE) and the Tokyo Commodity Exchange (Tocom) plan to run a joint emissions trading exchange following nearly a year of discussions. But they did not specify a launch date for the new exchange. 

Japan already runs a limited emissions trading scheme, which is voluntary and