Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Japan, Korea to Exchange Information on Emissions Trading

Japan and South Korea agreed to exchange information on a proposed emissions-trading mechanism, the Japanese environment ministry said today in a statement.

Minister Sakihito Ozawa met South Korean counterpart Lee Maanee for bilateral discussions yesterday, ahead of today’s three-nation meeting with China, according to the statement.

The three countries today adopted a five-year plan that pledges cooperation on the environment, focusing on 10 areas including climate change and biodiversity conservation, the statement said.

A climate bill before the Japanese Diet calls for a so-called cap-and-trade mechanism to help cut greenhouse gases, and South Korea has said it’s also considering the system. Japan wants bilateral trading to reduce volatility in the carbon market and lower the risk of domestic companies shifting production overseas where regulations are more lax, Nikkei English News reported last week.

Under a cap-and-trade system, a ceiling is imposed on emissions, and companies that pollute too much must buy credits from companies that don’t exceed their limit.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.