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
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