Japan – Center on Global Energy Policy at Columbia University SIPA

Japan’s project-based carbon credit market (PCCM) is characterized by a sophisticated, multitiered regulatory structure supporting its climate ambitions and net-zero by 2050 commitment. Grounded in the GX Promotion Act1―passed in May 2023 and revised in May 2025―and the Act on Promotion of Global Warming Countermeasures,2 Japan’s system integrates mandatory and voluntary components,3 robust supply standards, and market infrastructure, with full international cooperation under Article 6 of the Paris Agreement.Read More