Tokyo Cap-and-Trade Program Announces Impressive Emissions Reduction

Friday 11th April 2014

A flash report published by the Tokyo Metropolitan Government (TMG) announced that the Tokyo Cap-and-Trade Program has achieved a 22% reduction in emissions after the third year of the program, compared to base-year emissions.

Over 92% of targeted facilities in the program have surpassed their reduction targets of 6% or 8% for the first compliance period. What’s even better is that already 71% of facilities have surpassed the second period targets of 15% or 17%. Facility owners in Tokyo are seeing the long term benefits of reducing energy usage and are taking steps to reach their goals of lower energy consumption.

This is great news from Tokyo about the success of this ambitious scheme, which was a winner in the 2011 WorldGBC Government Leadership Awards.

Read the full story about the scheme's results here.

A flash report published by the Tokyo Metropolitan Government (TMG) announced that the Tokyo Cap-and-Trade Program has achieved a 22% reduction in emissions after the third year of the program, compared to base-year emissions.

Over 92% of targeted facilities in the program have surpassed their reduction targets of 6% or 8% for the first compliance period. What’s even better is that already 71% of facilities have surpassed the second period targets of 15% or 17%. Facility owners in Tokyo are seeing the long term benefits of reducing energy usage and are taking steps to reach their goals of lower energy consumption.

This is great news from Tokyo about the success of this ambitious scheme, which was a winner in the 2011 WorldGBC Government Leadership Awards.

Read the full story about the scheme's results here.