Japan CO2 emissions credits trade at avge $10.6/T
TOKYO, Sept 12 (Reuters) - Carbon dioxide (CO2) emission credits traded in Japan at an average of 1,212 yen ($10.61) per tonne in the 17 months ended Aug. 31, the Environment Ministry said.
A total of 31 Japanese companies, including Hitachi Ltd (6501.T: Quote, Profile, Research), participate in the voluntary CO2 reduction targets and they buy and sell the credits to attain their goals.
Those companies receive government subsidy when they make energy-saving investments but would have to return the grant if they fail to keep their targets.
This was the first time Japan has announced detailed prices of these trades.
A total of 24 trades worth 82,624 tonnes of credits were conducted during the period. Of these, 13 trades worth 17,987 tonnes of credits were conducted via the ministry's Internet-based trading service.
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