In its fifth year of operation (FY2014), the Tokyo Cap-and-Trade program has reduced emissions by 25% compared to base-year emissions*, this amounts to a total emissions reduction of 14 million tons in the program’s first compliance period (FY2010-FY2014).
This reduction was achieved despite the fact that energy-saving measures implemented after the power crises following the Great East Japan Earthquake have been relaxed since 2012. The voluntary continuation of these measures, alongside additional actions, such as LED installations or the introduction of high-efficiency air conditioning, helped entities reduce their emissions.
As of February 2016, over 90% of targeted facilities have surpassed their reduction targets for the first compliance period (6% for industrial facilities or 8% for business facilities) and 76% of entities have already surpassed their target (15% for industrial facilities or 17% for business facilities) for the second compliance period, which started in April 2015 and lasts to FY2019.
The program will help the Tokyo Metropolitan Government achieve its new GHG reduction plan to reduce emissions 30% by 2030 compared to 2000 levels.
* Base-year emissions are the average emissions from three consecutive fiscal years selected between FY2002 and FY 2007.
