Tokyo's Emissions Trading System : A Review of its Operation since 2010

This note reviews the operations and experience of Tokyo's emissions trading system since its launch in 2010 and follows on from an earlier issue of directions in urban development that described the design and development process of the syste...

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Main Author: World Bank
Format: Brief
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
Online Access:http://documents.worldbank.org/curated/en/607981468253741772/Tokyo
http://hdl.handle.net/10986/25486
id okr-10986-25486
recordtype oai_dc
spelling okr-10986-254862021-04-23T14:04:31Z Tokyo's Emissions Trading System : A Review of its Operation since 2010 World Bank ABSORPTION AIR ALLOCATION ALLOCATION OF ALLOWANCES ALTERNATIVE FUELS ANNUAL EMISSIONS BASE YEAR EMISSIONS CALCULATION CARBON CARBON CREDITS CARBON DIOXIDE CARBON INTENSITY CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CO CO2 COLD WATER CRUDE OIL ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY SAVINGS EMISSION EMISSION REDUCTIONS EMISSIONS EMISSIONS REDUCTION EMISSIONS REDUCTIONS EMISSIONS ­ REDUCTION ENERGY CONSERVATION ENERGY CONSERVATION MEASURES ENERGY CONSUMPTION ENERGY EFFICIENCY ENERGY EFFICIENCY MEASURES ENERGY SAVINGS ENERGY SOURCES ENERGY SUPPLY ENVIRONMENTAL DAMAGE EXCESS EMISSIONS FOREST FUEL FUELS GENERATION GHG GHGS GREEN ENERGY GREENHOUSE GREENHOUSE GAS HEAT HISTORICAL EMISSIONS HOT WATER HOT WATER SUPPLY HUMIDITY LARGE EMISSIONS NUCLEAR REACTORS OFFSET CREDITS PENALTIES PORTFOLIO POWER POWER CRISIS POWER SHORTAGES POWER SYSTEMS REDUCTION IN EMISSIONS RENEWABLE ENERGY RENEWABLE PORTFOLIO STANDARD SOLAR ENERGY SOLID WASTE SOLID WASTE MANAGEMENT TEMPERATURE TOTAL EMISSIONS WASTE WASTE MANAGEMENT This note reviews the operations and experience of Tokyo's emissions trading system since its launch in 2010 and follows on from an earlier issue of directions in urban development that described the design and development process of the system. In January 2013, the Tokyo Metropolitan Government (TMG) announced that FY2011-the second full year of Emissions Trading System (ETS) operation from April 2011 to March 2012-saw a 23 percent reduction in the emissions from participating facilities covered by the ETS, compared with the base year. Total emissions from these facilities in FY2011 were 7.22 million tons of CO2, which was some 2.16 million tons less than the base year. Notably, 93 percent of these facilities achieved reductions in excess of their obligations for the first compliance period in FY2011. This surpassed the first year performance recorded in FY2010, where emissions were 13 percent below the base year, with 64 percent of facilities achieving reductions in excess of obligations for the first compliance period. Under Tokyo's ETS, facilities that reduce emissions below the target may sell the excess reductions as credits. Conversely, if actual emissions reductions fall short of the target, they may purchase credits to make up the difference. Apart from excess emissions reductions, eligible credits include offsets from small and medium sized facilities, large facilities outside Tokyo, renewable energy credits, and credits from Saitama prefectures ETS. TMG has provided a framework for long-term goal setting by indicating the estimated emissions reductions that would be required in the second compliance period. 2016-11-29T21:53:54Z 2016-11-29T21:53:54Z 2013-06 Brief http://documents.worldbank.org/curated/en/607981468253741772/Tokyo http://hdl.handle.net/10986/25486 English en_US 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 Publications & Research :: Brief 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
en_US
topic ABSORPTION
AIR
ALLOCATION
ALLOCATION OF ALLOWANCES
ALTERNATIVE FUELS
ANNUAL EMISSIONS
BASE YEAR EMISSIONS
CALCULATION
CARBON
CARBON CREDITS
CARBON DIOXIDE
CARBON INTENSITY
CLIMATE
CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
CO
CO2
COLD WATER
CRUDE OIL
ELECTRICITY
ELECTRICITY CONSUMPTION
ELECTRICITY SAVINGS
EMISSION
EMISSION REDUCTIONS
EMISSIONS
EMISSIONS REDUCTION
EMISSIONS REDUCTIONS
EMISSIONS ­ REDUCTION
ENERGY CONSERVATION
ENERGY CONSERVATION MEASURES
ENERGY CONSUMPTION
ENERGY EFFICIENCY
ENERGY EFFICIENCY MEASURES
ENERGY SAVINGS
ENERGY SOURCES
ENERGY SUPPLY
ENVIRONMENTAL DAMAGE
EXCESS EMISSIONS
FOREST
FUEL
FUELS
GENERATION
GHG
GHGS
GREEN ENERGY
GREENHOUSE
GREENHOUSE GAS
HEAT
HISTORICAL EMISSIONS
HOT WATER
HOT WATER SUPPLY
HUMIDITY
LARGE EMISSIONS
NUCLEAR REACTORS
OFFSET CREDITS
PENALTIES
PORTFOLIO
POWER
POWER CRISIS
POWER SHORTAGES
POWER SYSTEMS
REDUCTION IN EMISSIONS
RENEWABLE ENERGY
RENEWABLE PORTFOLIO STANDARD
SOLAR ENERGY
SOLID WASTE
SOLID WASTE MANAGEMENT
TEMPERATURE
TOTAL EMISSIONS
WASTE
WASTE MANAGEMENT
spellingShingle ABSORPTION
AIR
ALLOCATION
ALLOCATION OF ALLOWANCES
ALTERNATIVE FUELS
ANNUAL EMISSIONS
BASE YEAR EMISSIONS
CALCULATION
CARBON
CARBON CREDITS
CARBON DIOXIDE
CARBON INTENSITY
CLIMATE
CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
CO
CO2
COLD WATER
CRUDE OIL
ELECTRICITY
ELECTRICITY CONSUMPTION
ELECTRICITY SAVINGS
EMISSION
EMISSION REDUCTIONS
EMISSIONS
EMISSIONS REDUCTION
EMISSIONS REDUCTIONS
EMISSIONS ­ REDUCTION
ENERGY CONSERVATION
ENERGY CONSERVATION MEASURES
ENERGY CONSUMPTION
ENERGY EFFICIENCY
ENERGY EFFICIENCY MEASURES
ENERGY SAVINGS
ENERGY SOURCES
ENERGY SUPPLY
ENVIRONMENTAL DAMAGE
EXCESS EMISSIONS
FOREST
FUEL
FUELS
GENERATION
GHG
GHGS
GREEN ENERGY
GREENHOUSE
GREENHOUSE GAS
HEAT
HISTORICAL EMISSIONS
HOT WATER
HOT WATER SUPPLY
HUMIDITY
LARGE EMISSIONS
NUCLEAR REACTORS
OFFSET CREDITS
PENALTIES
PORTFOLIO
POWER
POWER CRISIS
POWER SHORTAGES
POWER SYSTEMS
REDUCTION IN EMISSIONS
RENEWABLE ENERGY
RENEWABLE PORTFOLIO STANDARD
SOLAR ENERGY
SOLID WASTE
SOLID WASTE MANAGEMENT
TEMPERATURE
TOTAL EMISSIONS
WASTE
WASTE MANAGEMENT
World Bank
Tokyo's Emissions Trading System : A Review of its Operation since 2010
geographic_facet East Asia and Pacific
Japan
relation Directions in Urban Development;
description This note reviews the operations and experience of Tokyo's emissions trading system since its launch in 2010 and follows on from an earlier issue of directions in urban development that described the design and development process of the system. In January 2013, the Tokyo Metropolitan Government (TMG) announced that FY2011-the second full year of Emissions Trading System (ETS) operation from April 2011 to March 2012-saw a 23 percent reduction in the emissions from participating facilities covered by the ETS, compared with the base year. Total emissions from these facilities in FY2011 were 7.22 million tons of CO2, which was some 2.16 million tons less than the base year. Notably, 93 percent of these facilities achieved reductions in excess of their obligations for the first compliance period in FY2011. This surpassed the first year performance recorded in FY2010, where emissions were 13 percent below the base year, with 64 percent of facilities achieving reductions in excess of obligations for the first compliance period. Under Tokyo's ETS, facilities that reduce emissions below the target may sell the excess reductions as credits. Conversely, if actual emissions reductions fall short of the target, they may purchase credits to make up the difference. Apart from excess emissions reductions, eligible credits include offsets from small and medium sized facilities, large facilities outside Tokyo, renewable energy credits, and credits from Saitama prefectures ETS. TMG has provided a framework for long-term goal setting by indicating the estimated emissions reductions that would be required in the second compliance period.
format Brief
author World Bank
author_facet World Bank
author_sort World Bank
title Tokyo's Emissions Trading System : A Review of its Operation since 2010
title_short Tokyo's Emissions Trading System : A Review of its Operation since 2010
title_full Tokyo's Emissions Trading System : A Review of its Operation since 2010
title_fullStr Tokyo's Emissions Trading System : A Review of its Operation since 2010
title_full_unstemmed Tokyo's Emissions Trading System : A Review of its Operation since 2010
title_sort tokyo's emissions trading system : a review of its operation since 2010
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/607981468253741772/Tokyo
http://hdl.handle.net/10986/25486
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