- Tokyo launches new carbon credit trading platform integrating Gold Standard Verified Emission Reductions.
- Initiative reduces barriers for Tokyo-based companies seeking credible carbon credits.
- Joint workshops and seminars will enhance corporate sustainability practices and climate strategy implementation.
The Tokyo Metropolitan Government and Gold Standard have signed a Memorandum of Understanding (MoU) to bolster corporate decarbonisation initiatives within Tokyo.
Under the agreement, Gold Standard Verified Emission Reductions (GSVERs) will become central to Tokyo’s newly established carbon credit trading platform, directly supporting the Zero Emission Tokyo Strategy. This integration will lower accessibility barriers, including language, making it easier for Tokyo-based firms to procure high-quality carbon credits.
Margaret Kim, CEO of Gold Standard, emphasized:
“As the world’s largest city, Tokyo has a crucial role to play in global decarbonisation efforts. We are proud to support the Tokyo Metropolitan Government in its Zero Emission Tokyo Strategy by ensuring companies have access to credible carbon credits and the knowledge to implement impactful climate action.”
Both organizations will conduct targeted capacity-building programs through workshops and seminars, guiding Tokyo-based companies towards adopting robust sustainability practices and ambitious climate strategies.
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Highlighting the significance of corporate action, Kim added:
“This is a journey that requires ambitious action and investment by the private sector, both within and outside of their value chains. If we are to address the climate crisis, this is a path that we need all cities to follow. I know that this commitment to integrity is one that we both share, and that this will be a guiding force for our partnership in the years ahead.”
The MoU signing ceremony featured Margaret Kim alongside Tokyo Governor Yuriko Koike. Kim will further reinforce the partnership’s strategic importance in her remarks to Tokyo businesses on March 12, underscoring the city’s commitment to global climate leadership.
Gold Standard, founded over twenty years ago, is renowned for setting rigorous standards for carbon credits, ensuring measurable and meaningful impacts on climate, nature, and communities worldwide.
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