Japan has had a long experience in emission trading schemes with the voluntary ETS which is no longer operational. Today Japan has employed domestic and bilateral offset crediting mechanisms.
Published in May 2015 by I4CE together with the International Emissions Trading Association (IETA) and the Environmental Defense Fund (EDF).
In a challenging geo-political context, Europe has a window of opportunity to lead on both climate action and industrial competitiveness. As Mario Draghi highlighted in his report last year, this can only happen if decarbonisation ambitions are backed by real investment – and there is an urgent need to boost those investment. The European Commission followed suit and pledged to be an “Investment Commission,” while reaffirming its commitment to implement the 2030 emission reduction targets and to stay to course on the longer-term targets.
