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Japan yet to decide on carbon market development plan post-2026: official

October 26, 2023 Comments Off

The Japanese government is yet to decide on what the next phase of its carbon market will look like after 2026 when its first phase of voluntary emissions reduction ends, with a low likelihood of a cap-and-trade or regulated emissions reductions being implemented, Norihiro Kimura, senior climate change negotiator with Ministry of Economy, Trade and Industry (METI), said Oct. 25…