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Asia’s first cap-trade plan starts in Tokyo

The Tokyo Metropolitan Government launched a mandatory scheme Thursday to reduce carbon dioxide emissions from large office buildings and factories, involving Asia’s first cap-and-trade program allowing entities to purchase emissions credits achieved by others.

The government of Tokyo, home to nearly 13 million people, aims to achieve its goal of slashing greenhouse gas emissions by 25 percent from 2000 levels by 2020 through the newly launched scheme covering around 1,330 offices, commercial buildings and factories that annually consume more than 1,500 kiloliters of energy in crude oil equivalent terms.



(Source: Japan Times)