Tokyo has launched a new carbon credit trading platform in partnership with Gold Standard to accelerate corporate decarbonization and strengthen its Zero Emission Tokyo Strategy. The initiative will integrate Gold Standard Verified Emission Reductions (GSVERs), making it easier for businesses in Tokyo to access high-quality carbon credits and advance their sustainability goals. 

The Tokyo Metropolitan Government and Gold Standard signed a Memorandum of Understanding (MoU) to ensure that companies have a credible mechanism for offsetting emissions. This platform aims to remove barriers, such as language accessibility, for businesses seeking to participate in carbon trading. Margaret Kim, CEO of Gold Standard, emphasized Tokyo’s leadership role in global decarbonization efforts, stating, “As the world’s largest city, Tokyo has a crucial role to play in climate action, and this partnership will support impactful corporate sustainability initiatives.” 

In addition to the trading platform, the collaboration will focus on building corporate climate strategy expertise through joint workshops and seminars. These sessions will guide businesses in integrating ESG principles and carbon neutral strategies into their operations, fostering a more robust sustainability ecosystem. 

During the MoU signing ceremony, Tokyo Governor Yuriko Koike reiterated the city’s commitment to achieving net-zero emissions. Margaret Kim will further emphasize the importance of corporate climate leadership in a speech to Tokyo businesses on March 12. 

Gold Standard, recognized globally for setting rigorous benchmarks for carbon credits, ensures that emission reductions contribute to meaningful environmental and social impact. By leveraging this partnership, Tokyo positions itself as a leader in sustainable finance and climate action, setting a precedent for other cities to follow in the transition to a low-carbon economy. 

Sources: 

https://esgnews.com/tokyo-launches-carbon-credit-trading-with-gold-standard-to-advance-corporate-decarbonization/ 

https://carbon-pulse.com/376274/ 

https://carbonherald.com/gold-standard-and-tokyo-metropolitan-government-signs-memorandum-of-understanding-to-advance-corporate-decarbonisation-efforts-in-tokyo/