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Tokyo, Saitama to Combine Carbon Emissions Trading, Nikkei Says
2010-09-15 05:28:59.610 GMT
By Stuart Biggs
Sept. 15 (Bloomberg) -- The Tokyo Metropolitan Government
and neighboring Saitama Prefecture will unify rules for their
carbon emissions markets starting in 2012 so that businesses in
both areas can trade credits, Nikkei English News reported.
The governments will sign the agreement soon, Nikkei
reported, without saying where it obtained the information.
Tokyo introduced its cap-and-trade system in April and Saitama
is planning to begin its system next year, the report said.
Tokyo's program currently allows businesses to buy
emissions quotas only from others operating in the capital,
the report said. Factories and office buildings over a certain
size must reduce their annual carbon dioxide emissions by as
much as 8 percent, according to the report.
The new rules will allow about 1,300 businesses in Tokyo
and 600 in Saitama, to the north of the capital, to trade
emissions credits, Nikkei said.
For Related News and Information:
Climate-change news: NI CLIMATE <GO>
Most-read environmental news: MNI ENV <GO>
Most-read renewable-energy news: MNI ALTNRG <GO>
--Editor: John Viljoen.
To contact the reporter on this story:
Stuart Biggs in Tokyo at +81-3-3201-3093 or
sbiggs3@bloomberg.net.
To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net.
