
Japan: GX-ETS – mandatory emissions trading from fiscal year 2026, a price band of 1700–4300 yen
How the Japanese GX-ETS works: the amendment of the GX act of 28 May 2025, the start of the mandatory system on 1 April 2026, a threshold of 100,000 t CO₂, free allocation, a price band and offsets of up to 10%.

















