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Emerging Local Cap and Trades                                ICLEI Global Town Hall Workshop @RIO+20       Tokyo Cap and T...
Tokyo Climate Change Strategy                        TokyoMetroplitanGovernment
Tokyo Climate Change StrategyGHG Emission Reduction Target 25% below 2000 levels by 2020
Tokyo Carbon Dioxide Footprint by Sector                  Others                               Industrial   (5.6Mt)Transpo...
Tokyo Climate Change Strategy    Basic Policy1 Importance to approach the demand side of energy     As a large energy cons...
Tokyo Climate Change Strategy Framework of Measures for the Buildings Sector                                              ...
Tokyo Climate Change Strategy      Policy Development                                     “The 10-yr plan”            TMG ...
Outline ofthe Tokyo Cap-and-Trade Program                      TokyoMetroplitanGovernment
T okyo Cap & Trade : Coverage   The urban cap and trade program   to cover commercial sector buildings   including office ...
S trict Cap Setting       to Achieve the TMG Target   To achieve the Tokyo’s emission reduction target “By 2020 25%    red...
Fair allowance allocations       Emission   Allowance (5yrs)                        =       Base-year                     ...
E mission Trading:  Creating a New Local Carbon Market   Tradable allowance:   Reductions exceeding the obligation   Emiss...
Emission Trading: Offset Credits  1. Emission reductions from small and midsize    facilities within the Tokyo area    * E...
O Verview: Tokyo Cap & Trade is…   A Mandatory emission reduction program   targeting urban facilities in a cost effective...
Results of the Operation (FY 2010)   Provisional results of the first fiscal year   (1,159 0f 1,348 covered facilities)   ...
Expansion of the Scheme   Regional Expansion   Saitama Prefecture             Greater Tokyo Region                        ...
Green Building Era in Tokyo                      TokyoMetroplitanGovernment
http://www.kankyo.metro.tokyo.jp/en/int/top30.htmlTOP30 buildings were selected in linewith the policy measures of TMG.Exi...
Key Message                                  World Green Building Council                                  Government Lead...
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Tokyo Cap and Trade Program World’s First Urban Cap and Trade Scheme-Nishida

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Tokyo Cap and Trade Program World’s First Urban Cap and Trade Scheme-Nishida

  1. 1. Emerging Local Cap and Trades ICLEI Global Town Hall Workshop @RIO+20 Tokyo Cap and Trade Program World’s First Urban Cap and Trade SchemeBureau of EnvironmentTokyo Metropolitan Government
  2. 2. Tokyo Climate Change Strategy TokyoMetroplitanGovernment
  3. 3. Tokyo Climate Change StrategyGHG Emission Reduction Target 25% below 2000 levels by 2020
  4. 4. Tokyo Carbon Dioxide Footprint by Sector Others Industrial (5.6Mt)Transportation Emission from the(13.8Mt) Buildings Sector Commercial (25.3Mt) Residential (17.3Mt) Inner circle: FY1990 / Total 54.4Mt-CO2 Middle circle: FY2000 / Total 58.8Mt-CO2 Outer circle: FY2008 / Total 63.3Mt-CO2
  5. 5. Tokyo Climate Change Strategy Basic Policy1 Importance to approach the demand side of energy As a large energy consumer, Tokyo has a responsibility to reduce emissions from the demand side of energy2 Importance to reduce emissions from urban facilities (buildings)  Promoting measures in the buildings sector is the key to reduce emissions from urban areas3 Enable Tokyo to grow in the coming carbon restrain age  Taking an advantage of the early shift to a low carbon city to realize the sustainable growth of Tokyo TokyoMetroplitanGovernment
  6. 6. Tokyo Climate Change Strategy Framework of Measures for the Buildings Sector Existing New buildings buildings Larger District Plan for Energy Efficiency Cap & Trade ProgramBuilding Size Green Building   Developments Program  with floor area bonus CO2 Emission incentives Reporting Program Smaller Planning/Operation Stage Planning Design Construction Operation Tuning Retrofit TokyoMetroplitanGovernment
  7. 7. Tokyo Climate Change Strategy Policy Development “The 10-yr plan” TMG environmental master plan Plans Setting the target Setting sectoral targets & programs 2000 2005 2006 2008 2010 2012 Climate Change Strategy Carbon Minus 10yr project Programs Basic policy for the10yr project Action plan g Reporting Program ti n g s CO2 Emission Reporting program xis dinE il for smaller facilitiesbu ●2002 ●2005 Revise Tokyo Cap&     Start Rating-disclosure system Trade s ●2008 ●2010 bu ild Enact Start wNe Green Building Program ●2008 ●2002 ●2005 Revise Revise    Start Green Labeling Program for Condominiums District Plan for Energy Efficiency
  8. 8. Outline ofthe Tokyo Cap-and-Trade Program TokyoMetroplitanGovernment
  9. 9. T okyo Cap & Trade : Coverage The urban cap and trade program to cover commercial sector buildings including office buildings Target facilities: 1,300 facilities Facilities with annual energy consumption of 1,500 kl or more (crude oil equivalent) Approx. 1000 commercial & institutional buildings Approx. 300 industrial facilities Covers approx.40% of commercial & industrial sectors’ emissions
  10. 10. S trict Cap Setting to Achieve the TMG Target To achieve the Tokyo’s emission reduction target “By 2020 25% reduction from 2000”, the necessary reduction in industry & commercial sector is 17% reduction Base-year 1st compliance period 2nd compliance period emissions ( 2010-2014) ( 2015-2019) 2020 6 % reduction About 17 % * 5yrs average reduction * Current estimation. The Cap for the 2nd compliance period will be fixed by the end of the 1st compliance period
  11. 11. Fair allowance allocations Emission Allowance (5yrs) = Base-year emissions - Obligation )×5 reductions ( years Obligation reductions = Base-year emissions × Compliance factor Base-year      : Average emissions of three consecutive years emissions between 2002 to 2007   Category Compliance factor Ⅰ-1 Commercial buildings, District cooling 8% & heating facilities (plants) Ⅰ-2 Commercial buildings using EHC 6% Ⅱ Factories, etc. 6% Top A facility already achieved high energy 1/2 or 3/4 of the level efficiency is certified as a : compliance factor Top Level / Near-top level Facility
  12. 12. E mission Trading: Creating a New Local Carbon Market Tradable allowance: Reductions exceeding the obligation Emission reduction exceeding the yearly obligation is allowed to be traded from the 2nd year. Creation of Emission Reduction Registry System: Every Facility has account in a registry Creation of a MRV system: Guidelines on MRV Requirements of verification by a registered verification agency
  13. 13. Emission Trading: Offset Credits 1. Emission reductions from small and midsize facilities within the Tokyo area * Emission reductions through energy-saving measures in smaller facilities not covered by the TC&T 2. Renewable Energy Certificates * Solar energy (heat and power), wind energy, etc. * No limit for offsetting 3. Emission reductions outside the Tokyo area * Sellers will be assumed to be covered under the Tokyo Cap-and-Trade Program, and reduction exceeding the reduction obligation would be counted as offset credit * Can only buy up to 1/3 of base year emissions
  14. 14. O Verview: Tokyo Cap & Trade is… A Mandatory emission reduction program targeting urban facilities in a cost effective way + Targeting existing buildings as well as industries + A facility (building) as a whole for a unit of reduction and trading + Two five-year compliance periods for longer term & large investments + Declining ceiling (cap) for encouraging early actions + Capturing real energy consumptions (emissions) > design performance + Pursuing the cost effectiveness through the ETS + Driving investment to smaller buildings retrofits & renewable projects through a offset-credit scheme
  15. 15. Results of the Operation (FY 2010) Provisional results of the first fiscal year (1,159 0f 1,348 covered facilities) Total emissions reductions: 13% below base year emissions Total emissions; 9,763,956 t Base year emissions; 11,208,596 t 64% facilities reduced more than compliance factor (6% or 8%) 26% facilities reduced more than 17% 71% facilities expected to fulfill their reduction obligations only through measures in their sites By reported reduction plans of each facility
  16. 16. Expansion of the Scheme Regional Expansion Saitama Prefecture Greater Tokyo Region Regional Economy: Greater Tokyo Region 1.5 trillion USD Spot Expansions Through a “Out-side Tokyo Credit scheme Proposal of the Two-tier Programs Overall Japan Global; Emerging Local Cap and Trade System
  17. 17. Green Building Era in Tokyo TokyoMetroplitanGovernment
  18. 18. http://www.kankyo.metro.tokyo.jp/en/int/top30.htmlTOP30 buildings were selected in linewith the policy measures of TMG.Existing buildings section:Highly valued in the C&T ProgramNew building section:Based on the evaluation of the GreenBuilding Program TOKYO METROROLITAN GOVERNMENT
  19. 19. Key Message World Green Building Council Government Leadership AwardUrban Cap and Trade: “Most Groundbreaking Policy”An effective measure to reduce emissions fromurban facilitiesLocal Cap and Trade to be Promoted- Design to fit its local context- Implement by local governments and participatingentities cooperativelySteady steps to Sustainable Cities TOKYO METROPOLITAN GOVERNMENT

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