Tokyo's Emissions Trading System : A Case Study
The Tokyo Metropolitan Government (TMG) has developed the world's first cap and trade program at the city level targeting energy-related CO2. Called the Emissions Trading System (ETS), the program took effect in April 2010 and covers 1,340 lar...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/06/13737872/tokyos-emissions-trading-system-case-study http://hdl.handle.net/10986/10184 |
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okr-10986-101842021-04-23T14:02:49Z Tokyo's Emissions Trading System : A Case Study Lee, Marcus Colopinto, Kimberly AIR AIR POLLUTION AIR POLLUTION PROBLEMS AIR QUALITY AIR QUALITY MANAGEMENT ALLOWANCE ALLOWANCES ANNUAL EMISSIONS APPROACH AUDITS AVERAGE EMISSIONS BALANCE BASE YEAR EMISSIONS CALCULATION CARBON CARBON CREDITS CARBON MARKETS CH4 CLEAN AIR CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE CHANGE STRATEGY CO CO2 COMBUSTION CRUDE OIL CUMULATIVE EMISSIONS ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY PRODUCTION EMISSION EMISSION TRADING EMISSIONS EMISSIONS CAPS EMISSIONS INVENTORIES EMISSIONS PROFILES EMISSIONS REDUCTION EMISSIONS REDUCTION STRATEGY EMISSIONS REDUCTIONS ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY EFFICIENCY ENERGY PRODUCERS ENVIRONMENTAL ENVIRONMENTAL ISSUES ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EQUIVALENT CONSUMPTION FUEL FUEL BILLS FUELS GAS FLOW GASES GENERATION GHG GHGS GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS REDUCTION HFCS HIGH ENERGY CONSUMPTION HISTORICAL EMISSIONS HYDROFLUOROCARBONS METHANE N2O NITROGEN NITROGEN OXIDES NOX NUCLEAR POWER OFFSET PROGRAM OIL EQUIVALENT ORGANIC MATERIALS PERFLUOROCARBONS PFCS POLLUTANTS POWER COMPANY POWER PLANTS PP PRODUCERS REDUCING EMISSIONS REGIONAL GREENHOUSE GAS INITIATIVE RENEWABLE ENERGY SF6 SOLAR ENERGY SOLAR POWER SOLAR WATER HEATING SOX STATIONARY SOURCES SULFUR SULFUR OXIDES SUSPENDED PARTICLES TOTAL EMISSIONS TROPOSPHERIC OZONE The Tokyo Metropolitan Government (TMG) has developed the world's first cap and trade program at the city level targeting energy-related CO2. Called the Emissions Trading System (ETS), the program took effect in April 2010 and covers 1,340 large facilities including industrial factories, public buildings, educational institutions and commercial buildings. Targeting the city level for the reduction of Greenhouse Gas (GHG) emissions is of vital importance for climate change mitigation goals. Although there are several ETSs targeting GHGs around the world, none have operated at the city level until Tokyo's. City-based ETS systems have been largely aimed at enhancing local air quality by targeting local pollutants that may also happen to be GHGs. There are three particularly relevant cases of ETSs covering local pollutants at the city level. Tokyo's ETS is unique because it is the only one targeting GHGs, with the primary objective of mitigating climate change. Emissions trading are a market-based approach for addressing air pollution problems. If designed and implemented well, emissions trading systems can be economically efficient, providing incentives for participants to reduce their emissions of specified pollutants. An ETS, when functioning well, results in overall emissions remaining within the cap, while individual participants have the flexibility of a market-based mechanism within which to operate. 2012-08-13T10:40:01Z 2012-08-13T10:40:01Z 2010-06 http://documents.worldbank.org/curated/en/2010/06/13737872/tokyos-emissions-trading-system-case-study http://hdl.handle.net/10986/10184 English Directions in Urban Development CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research East Asia and Pacific Japan |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AIR AIR POLLUTION AIR POLLUTION PROBLEMS AIR QUALITY AIR QUALITY MANAGEMENT ALLOWANCE ALLOWANCES ANNUAL EMISSIONS APPROACH AUDITS AVERAGE EMISSIONS BALANCE BASE YEAR EMISSIONS CALCULATION CARBON CARBON CREDITS CARBON MARKETS CH4 CLEAN AIR CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE CHANGE STRATEGY CO CO2 COMBUSTION CRUDE OIL CUMULATIVE EMISSIONS ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY PRODUCTION EMISSION EMISSION TRADING EMISSIONS EMISSIONS CAPS EMISSIONS INVENTORIES EMISSIONS PROFILES EMISSIONS REDUCTION EMISSIONS REDUCTION STRATEGY EMISSIONS REDUCTIONS ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY EFFICIENCY ENERGY PRODUCERS ENVIRONMENTAL ENVIRONMENTAL ISSUES ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EQUIVALENT CONSUMPTION FUEL FUEL BILLS FUELS GAS FLOW GASES GENERATION GHG GHGS GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS REDUCTION HFCS HIGH ENERGY CONSUMPTION HISTORICAL EMISSIONS HYDROFLUOROCARBONS METHANE N2O NITROGEN NITROGEN OXIDES NOX NUCLEAR POWER OFFSET PROGRAM OIL EQUIVALENT ORGANIC MATERIALS PERFLUOROCARBONS PFCS POLLUTANTS POWER COMPANY POWER PLANTS PP PRODUCERS REDUCING EMISSIONS REGIONAL GREENHOUSE GAS INITIATIVE RENEWABLE ENERGY SF6 SOLAR ENERGY SOLAR POWER SOLAR WATER HEATING SOX STATIONARY SOURCES SULFUR SULFUR OXIDES SUSPENDED PARTICLES TOTAL EMISSIONS TROPOSPHERIC OZONE |
| spellingShingle |
AIR AIR POLLUTION AIR POLLUTION PROBLEMS AIR QUALITY AIR QUALITY MANAGEMENT ALLOWANCE ALLOWANCES ANNUAL EMISSIONS APPROACH AUDITS AVERAGE EMISSIONS BALANCE BASE YEAR EMISSIONS CALCULATION CARBON CARBON CREDITS CARBON MARKETS CH4 CLEAN AIR CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE CHANGE STRATEGY CO CO2 COMBUSTION CRUDE OIL CUMULATIVE EMISSIONS ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY PRODUCTION EMISSION EMISSION TRADING EMISSIONS EMISSIONS CAPS EMISSIONS INVENTORIES EMISSIONS PROFILES EMISSIONS REDUCTION EMISSIONS REDUCTION STRATEGY EMISSIONS REDUCTIONS ENERGY CONSERVATION ENERGY CONSUMPTION ENERGY EFFICIENCY ENERGY PRODUCERS ENVIRONMENTAL ENVIRONMENTAL ISSUES ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EQUIVALENT CONSUMPTION FUEL FUEL BILLS FUELS GAS FLOW GASES GENERATION GHG GHGS GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS REDUCTION HFCS HIGH ENERGY CONSUMPTION HISTORICAL EMISSIONS HYDROFLUOROCARBONS METHANE N2O NITROGEN NITROGEN OXIDES NOX NUCLEAR POWER OFFSET PROGRAM OIL EQUIVALENT ORGANIC MATERIALS PERFLUOROCARBONS PFCS POLLUTANTS POWER COMPANY POWER PLANTS PP PRODUCERS REDUCING EMISSIONS REGIONAL GREENHOUSE GAS INITIATIVE RENEWABLE ENERGY SF6 SOLAR ENERGY SOLAR POWER SOLAR WATER HEATING SOX STATIONARY SOURCES SULFUR SULFUR OXIDES SUSPENDED PARTICLES TOTAL EMISSIONS TROPOSPHERIC OZONE Lee, Marcus Colopinto, Kimberly Tokyo's Emissions Trading System : A Case Study |
| geographic_facet |
East Asia and Pacific Japan |
| relation |
Directions in Urban Development |
| description |
The Tokyo Metropolitan Government (TMG)
has developed the world's first cap and trade program
at the city level targeting energy-related CO2. Called the
Emissions Trading System (ETS), the program took effect in
April 2010 and covers 1,340 large facilities including
industrial factories, public buildings, educational
institutions and commercial buildings. Targeting the city
level for the reduction of Greenhouse Gas (GHG) emissions is
of vital importance for climate change mitigation goals.
Although there are several ETSs targeting GHGs around the
world, none have operated at the city level until
Tokyo's. City-based ETS systems have been largely aimed
at enhancing local air quality by targeting local pollutants
that may also happen to be GHGs. There are three
particularly relevant cases of ETSs covering local
pollutants at the city level. Tokyo's ETS is unique
because it is the only one targeting GHGs, with the primary
objective of mitigating climate change. Emissions trading
are a market-based approach for addressing air pollution
problems. If designed and implemented well, emissions
trading systems can be economically efficient, providing
incentives for participants to reduce their emissions of
specified pollutants. An ETS, when functioning well, results
in overall emissions remaining within the cap, while
individual participants have the flexibility of a
market-based mechanism within which to operate. |
| format |
Publications & Research :: Brief |
| author |
Lee, Marcus Colopinto, Kimberly |
| author_facet |
Lee, Marcus Colopinto, Kimberly |
| author_sort |
Lee, Marcus |
| title |
Tokyo's Emissions Trading System : A Case Study |
| title_short |
Tokyo's Emissions Trading System : A Case Study |
| title_full |
Tokyo's Emissions Trading System : A Case Study |
| title_fullStr |
Tokyo's Emissions Trading System : A Case Study |
| title_full_unstemmed |
Tokyo's Emissions Trading System : A Case Study |
| title_sort |
tokyo's emissions trading system : a case study |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2010/06/13737872/tokyos-emissions-trading-system-case-study http://hdl.handle.net/10986/10184 |
| _version_ |
1764412161263665152 |