Emissions Trading Scheme Subcommittee (2nd Meeting)

Overview

The Ministry of Economy, Trade and Industry held the 2nd meeting of the Emissions Trading System Subcommittee under the Innovation and Environment Subcommittee of the Industrial Structure Council on August 7, 2025. The meeting conducted important discussions on the specific institutional design of emissions trading systems. Key distributed materials included the meeting agenda, committee member list, and "Calculation Methods for Allocation Quantities by Benchmark and Grandfathering (Secretariat Materials)" (PDF 2,091KB). This material is believed to contain technical details regarding allocation methodologies for emission allowances in emissions trading systems. The meeting was live-streamed on YouTube, enabling a transparent policy consideration process. The Environment and Economy Office of the Innovation and Environment Bureau serves as the responsible department, indicating that full-scale consideration of introducing emissions trading systems as a concrete measure for utilizing market mechanisms toward achieving carbon neutrality is underway. This system is positioned as an important policy tool aimed at balancing corporate greenhouse gas reduction incentives with economic efficiency.