On April 1, Tokyo’s Metropolitan Government (TMG) started a cap and trade system, which was the first attempt by a metropolitan area in the world. Further, at the national level, the current administration, led by a coalition composed by the Democratic Party of Japan, the People’s New Party and the Social Democratic Party, proposes a [...]

Just last week, the United Nations’ Clean Development Mechanism (CDM) reached a monumental milestone of delivering reductions of 400 million tonnes of CO2 (equivalent) sourced from developing countries all over the world. Critically, market participants are disappointed by the progress of the CDM so far, but should we be dejected by what we have seen? [...]

The United Nations Framework Convention on Climate Change (UNFCCC) meetings continued in Bonn, Germany from 9 – 11 April 2010. This marked the eleventh session of the Ad Hoc Working Group on Further Commitments for Annex I Parties under the Kyoto Protocol (AWG-KP 11) as well as the ninth session of the Ad Hoc Working [...]