Tokyo's mandated emissions trading scheme (ETS) launched in April and obligates 1400 large-emitting factories and commercial businesses to cut emissions by 7 per cent overall over the four years to 2014. The scheme only covers 1 per cent of national emissions but is seen as a forerunner to a possible nationwide ETS down the track.
The Tokyo transaction was for a small parcel of credits over 22 tonnes of emissions reductions from an energy efficiency project operated by Daiwa House Industry and Taisei Rotec, Reuters reports.
The sale price is more than seven times the $19 a tonne prevailing price of allowances in the EU ETS and nine times the $16.70 a tonne for CERs, the carbon offsets generated under the UN CDM scheme.
The Tokyo trade took place via an online marketplace owned by Sojitz Corp and Smart Energy.
To find out more about investment opportunities in carbon credit trading talk to 360 Invest Group today.
No comments:
Post a Comment