Yoshimi Ichishima (Japan)
Deputy General Manager, Structured Finance Division I - Mitsubishi UFJ Trust and Banking Corporation Co., Ltd.
Status Update towards Low Carbon Society in Japan - Trust Scheme for Emissions Trade
1) What is the Japanese Perspective of a "Low Carbon Society"?
2) What are the current movements among Japanese companies for emissions trade?
3) Introduction of the Trust Scheme for Emissions Trade.
In 2008, with the commencement of the 1st Commitment Period of the Kyoto Protocol, the Japanese government established the "Action Plan for Low Carbon Society", and Keidanren announced a "Japanese industries effort to Climate Change”, emphasizing the importance of voluntary action plan.
However, due to the increase of emissions amount in 2007, Japan needs to reduce 15% of emissions to meet its Kyoto protocol target. We have passed the point of no-return to tackle the present situation.
In the midst of world-wide unprecedented economic crisis, although signs of a global economic slowdown have been growing stronger, some Japanese companies are trying to achieve “Low Carbon Management”, or “Ecologically Friendly Business Practice” in business areas.
Some examples will be introduced in this presentation.