Country:Japan
Year:2008
Policy status:In Force
Jurisdiction:National
Date Effective:2008
Date Amended:

2013

Policy Type:Voluntary Approaches>Negotiated Agreements (Public-private sector), Economic Instruments>Market-based instruments
Policy Target:Framework/ Multi-sectoral Policy, Industry
Agency:Ministry of Economy, Trade and Industry (METI)
URL:http://japancredit.go.jp/english/index.html
Description:

The J-Credit Scheme is designed to certify the amount of greenhouse gas emissions reduced and removed by sinks within Japan.
Under the J-Credit Scheme, the Government certifies the amount of greenhouse gas emissions (such as CO2) reduced or removed by sinks through efforts to introduce energy-saving devices and manage forests, as "credit."

This scheme, which was created by expansively integrating the Domestic Credit Scheme and the Offset Credit (J-VER; Japan's verified emissions reduction) Scheme, is administered by the central government. Credits created under the scheme can be used for various purposes, such as achieving the targets of the Nippon Keidanren's Commitment to a Low Carbon Society, and carbon offset.

*Nippon Keidanren: Japan Federation of Economic Organizations

Last modified: Fri, 19 Jun 2015 14:35:49 CEST