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Tokyo Carbon Trading Likely to Be Nationwide Model

Tokyo’s carbon trading market, the first of its kind in Asia, could be a model for a national system as local governments show interest in the program, said Masanori Eto, a director at Japan Climate Exchange Corp.

The first carbon credits in Tokyo’s system were sold in August on an online marketplace operated by Japan Climate Exchange, a joint venture between Smart Energy Co. and CoalinQ Corp., a subsidiary of trading house Sojitz Corp.