Japanese Government Takes 1st Step Toward Implementing Carbon Credit Trading

November 5, 2008 / No Comments

The Japanese government has taken the 1st step toward implementing carbon credit trading. The system will allow large companies to gain carbon credits by assisting small and midsize companies in reducing their emissions. “Firms that come in below their designated emission levels can sell the unused portions as carbon credits to businesses that exceed their caps.”

powerplant Japanese Government Takes 1st Step Toward Implementing Carbon Credit Trading

Tokyo is taking applications from interested businesses and is planning to hold briefings in eight locations around the nation over a 30-day period. Along with the briefings, matchmaking meetings. Fast dates. eHarmony for businesses wanting to fight global temperatures.

Tokyo is also collecting ideas for cutting global warming gas emissions such as one firm’s plan to introduce a fuel cell that can convert food waste into methane gas for energy and a shopping mall equipped with solar panels.

Source: Nikkei (sub req)

Image courtesy of curtisperry