Emissions Reduction, Japan

Japan Joins United Nations System for Tracking Emission Trades

November 14, 2007 (Bloomberg) – Japan connected to a United Nations computer system to track greenhouse-gas trading under the 1997 Kyoto Protocol, less than two months before the compliance period of the treaty begins, at the beginning of next year.

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The system, known as the International Transaction Log, became operational today, allowing Japan to receive into its registry its certified emission reduction credits, the United Nations Framework Convention on Climate Change said today by e-mail. Switzerland and New Zealand would link with the system by year’s end, it said.

The European Commission, regulator of the world’s biggest emissions-trading program, said in September a test of Europe’s link with the United Nations system would be delayed two months beyond Dec. 1 for technical reasons.

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