Change in Settlement Schedule for GX Credits on the Carbon Credit Market in Japan Exchange Group

After being tasked with overseeing the trading of GX credits by Nomura Research Institute, Ltd., on behalf of the Ministry of Economy, Trade and Industry, we are excited to announce changes in the settlement schedule for these credits on the Carbon Credit Market. The trading of GX credits will take place over a two-month period from November to December 2025, with the settlement date being revised to the sixth trading day from the current tenth trading day. We welcome public input on these adjustments. Since the Market’s establishment on October 11, 2023, as a formal entity of the JPX Group, we have been actively working to enhance market expansion and liquidity. Our aim is to support the evolution of the carbon credit market and emissions trading schemes in Japan for the long-term future.

To facilitate the trading of GX credits, the Carbon Credit Market was launched as an official platform of the JPX Group. Our ongoing efforts have been geared towards promoting market growth and enhancing liquidity. We are committed to playing a pivotal role in shaping the carbon credit market in Japan, thereby aligning with the broader goals of advancing emissions trading schemes in the country.

As we move forward with these changes to the settlement schedule for GX credits, we invite stakeholders to provide their feedback on how these adjustments may impact their trading activities. This collaborative approach allows us to incorporate diverse perspectives and ensure that the Market continues to operate efficiently and effectively.

For more information on the specifications of the Market and to submit public comments, please visit the designated sections on our website. We encourage all interested parties to engage with us and help shape the future of the carbon credit market.

For further inquiries or assistance, please contact the Tokyo Stock Exchange, Inc. Carbon Credit Market Office at the provided telephone number or email address. Our team is here to support you and address any questions or concerns you may have regarding the trading of GX credits and the recent changes to the settlement schedule.

In conclusion, we are excited about the upcoming changes in the settlement schedule for GX credits on the Carbon Credit Market. These adjustments reflect our ongoing commitment to enhancing market operations and promoting the growth of the carbon credit market in Japan. We look forward to receiving feedback from stakeholders and working together to ensure the continued success of the Market.