Example
Tokyo’s Emissions Trading Scheme
The Tokyo ETS was launched in 2010 as Japan’s first mandatory ETS. Under the ETS, large offices and factories are required to reduce emissions by 15% or 17% in its second period (FY2015-FY2019). The target in the third period (FY2020-2024) is expected to be 25% or 27%. Tokyo’s ETS is linked to Saitama’s program.