Tokyo Stock Exchange Announces Date for Carbon Credit Market Launch In Oct 2023

Tokyo Stock Exchange Announces Date for Carbon Credit Market Launch In Oct 2023 - Carbon Herald
Image: JPX

Tokyo Stock Exchange (TSE) has set the opening date for its highly-anticipated carbon credit market for October 11, 2023, TSE’s owner, Japan Exchange Group, or JPX (TYO: 8697), said Friday.

The market expects an initial roster of 188 participants on its opening day, and applications for registration will be accepted on a rolling basis.

The move is aimed at providing a dedicated platform for trading carbon credits within Japan while publicly disclosing carbon credit prices, Mr. Moriyuki Iwanaga, President and CEO of TSE, said in a statement.

The initiative is leveraging the insights garnered from a demonstration project conducted in the fiscal year 2022, coupled with TSE’s market operation expertise, he explained.

Relevant: Tokyo Stock Exchange to Launch Japan Carbon Credit Market In Oct 2023

The inaugural registration process has seen 188 entities join as participants, surpassing the 183 participants in the demonstration project.

Impressively, registrants span various sectors, including business corporations, financial institutions, and local governments.

The inception of the carbon credit market aligns with the JPX Group’s mission to actively contribute to both the reduction of greenhouse gas (GHG) emissions and the promotion of sustainable economic growth in Japan, according to Mr. Iwanaga.

This commitment extends to collaboration with all stakeholders in a collective effort to invigorate the carbon credit market, while remaining attuned to the government’s policy on emissions trading schemes.

Read more: Japan’s SBI To Open A Carbon Credits Exchange

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