해외 배출권거래제도에 관한 연구: 도쿄배출권거래제를 중심으로

Countries around the world adopted the Kyoto Protocol in 1997 to deal with the climate changes and introduced an emission trading scheme as a flexible tool to effectively reduce greenhouse gases by utilizing the market functions. Countries in North East Asia such as Japan, China, South Korea launched Emissions Trading Scheme(ETS) with an emerging global trend and now they start to talk whether it is possible to link their national carbon markets.

This study aimed to compare an ETS in South Korea and Japan especially focusing on Tokyo Metropolitan Government Cap-and-Trade Program(TMG cap-and-trade program) began operating in 2010. It analysed TMG Cap-and-Trade’s gas coverage, base year emissions, reduction obligations, Allocation of allowances, Offsets, Credit Trading and then compare with those of Korea’s ETS.