Celebrating the First Anniversary of Carbon Credit Market at TSE | Japan Exchange Group

Tokyo Stock Exchange, Inc.(TSE) Carbon Credit Market celebrates its first anniversary today.
Since the opening of the market, the market has continued to grow steadily in terms of both the numbers of market participants and trading volume, with 297 participants registered as of October 10, 2024 and a cumulative trading volume of 521,704t-CO2 (daily average of 2,129t-CO2).

The Carbon Credit Market was launched with trading for J-credits. After the market was launched, TSE revised the trading categories and introduced a market-maker scheme in order to improve liquidity in the market. Japan Exchange Group, Inc. will continue to contribute to the realization of carbon neutrality in Japan through the operation of the Carbon Credit Market.

I would like to congratulate TSE on the first anniversary of the opening of the Carbon Credit Market.

The Ministry of Economy, Trade and Industry (METI) has been working on the development of an emissions trading system and the revitalization of trading in J-credits, and we are very pleased that many companies and organizations have been trading since the market was launched.

In order to expand GX investment towards the realization of carbon neutrality in 2050, it is essential to have a mechanism for trading environmental values and make the carbon price visible. We wish TSE Carbon Credit Market continued development as an infrastructure for this purpose.

Today, our Carbon Credit Market celebrates its first anniversary. We would like to express our sincere gratitude to all market participants for their great cooperation in the operation of the market.

In November this year, as part of the first phase (Trial Phase) of the GX-ETS, we will start trading “GX Credits” on our market, and from 2026 onwards, as the GX-ETS enters its second phase (full-scale operation), we believe that the importance of the carbon price discovery function in our market will increase and the market will attract more attention.

We will continue to work closely with the METI and other stakeholders and contribute to the efforts towards “Pro-Growth Carbon Pricing Concept”.