According to The Jiji News, Japan's first carbon dioxide emissions exchange, Carbon Ex, started operations on 4th October.
The exchange has been set up by Japanese online financial group SBI Holdings Inc. and CO2 emissions measurement firm Asuene Inc. https://sp.m.jiji.com/english/show/28818
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According to The Australian Financial Review, Federal Resources Minister Madeleine King says Australia will remain a reliable exporter of gas to Japan, amid LNG supply concerns as Australia transitions to net zero by 2050.
After the former head of one of Japan’s biggest energy companies warned any disruption to the supply of LNG would have a “huge impact” on millions of customers, Ms King moved to reassure one of the country’s most important trade partners it was business as usual. “Japanese investment helped build the Australian resources sector that has made our country so strong,” a spokesman for Ms King said on Friday. “This relationship is not only crucial to the economic health of our nation, but to millions of people throughout Asia who rely on Australian resources to build their cities, heat their homes and help produce their food. Australia is a reliable supplier of energy to Japan and always will be.” https://www.afr.com/companies/energy/australia-will-always-be-reliable-supplier-of-gas-to-japan-20231006-p5eadq
According to The Jiji News, more than two-thirds of small businesses in Japan are facing labour shortages, a survey by the Japan Chamber of Commerce and Industry showed Thursday.
In the survey conducted in July-August, the proportion of companies that said they did not have enough workers stood at 68.0 pct, the highest level since data began in 2015. https://sp.m.jiji.com/english/show/28724
According to The Australian Financial Review, Melbourne’s housing market is poised to outperform Sydney over the next two years, with prices accelerating by 12 per cent in the year to June 2025, sparked by higher demand and more constrained supply, KPMG predicts.
Sydney house price growth is also expected to gain momentum, albeit at a slower 10.3 per cent after inflation is factored in, during the same period. https://www.afr.com/property/residential/melbourne-house-prices-to-jump-12pc-in-2025-20230925-p5e7bw
According to The Asahi Shimbun, to jump-start Japan’s stagnant electric vehicle market, a charging network operator unveiled ambitious plans to install 1,000 rapid chargers in Tokyo over the next two years.
Terra Motors Corp. will set up 150-kilowatt chargers in the parking lots of supermarkets, convenience stores and other commercial facilities across the capital, the company announced. About 7.5 times faster than 20-kilowatt chargers that are common in Japan, Terra Motors’ devices can give a typical electric vehicle a range of 100 kilometers with a six-minute charge. https://www.asahi.com/ajw/articles/15015206
According to The Asahi Shimbun, another eye-popping supplementary budget appears to be in the making after Prime Minister Fumio Kishida instructed his Cabinet ministers to compile a comprehensive economic policy package by the end of October.
Kishida on Sept. 26 outlined five pillars for the package, which comprises at least 20 specific policy areas. Ministries and ruling Liberal Democratic Party lawmakers will now likely present their lists of measures to fill those areas, even if there is no immediate need. Steps to help mitigate the surging cost of gasoline and fuel are almost certain to be approved, given that so many households are struggling to make ends meet. But it is unclear what economic effects will arise from measures to deal with pollen issues that strike misery among millions of hay fever sufferers each spring. LDP lawmakers were already talking about a supplementary budget in the range of 15 trillion yen (US$101 billion) to 20 trillion yen to pay for the economic policy package. https://www.asahi.com/ajw/articles/15015224
According to The Australian Financial Review, BHP boss Mike Henry says the private sector must turn recycling into a meaningful source of metals for the world, in a possible signal that BHP could join other big miners in the scrap recycling business.
Speaking just two months after Rio Tinto announced plans to spend close to $1 billion growing its footprint in the aluminium recycling industry, Mr Henry told an International Energy Agency summit in Paris on Thursday that “there is an opportunity and need for continued lifting of the rates of recycling”. https://www.afr.com/companies/mining/recycling-is-a-must-for-the-mining-industry-bhp-boss-says-20230928-p5e8gi |
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