Japan to force firms with high emissions to join carbon trading

According to The Asahi Shimbun, Japanese companies that emit more than 100,000 tons of carbon dioxide annually will be tapped to participate in the government’s carbon emissions trading system, set to take effect in fiscal 2026, the industry ministry said.
The program is expected to apply to between 300 and 400 companies, mainly in the steel, electricity, aviation, logistics and food manufacturing sectors.
Under the system, each company will be assigned an emissions quota, with penalties liable when those limits are exceeded. 
Emissions trading, a type of “carbon pricing” which charges companies based on their CO2 emissions, has been adopted worldwide as a measure to help reduce global warming.

https://www.asahi.com/ajw/articles/15517987