Japan's parliament has officially passed a new law requiring hundreds of major firms to participate in a carbon emissions trading system starting in April 2026, according to Anadolu Agency.
The legislation is part of Japan's broader climate strategy and applies to companies emitting 100,000 tons or more of carbon dioxide annually. These firms must now join the Green Transformation-Emissions Trading System, designed to curb industrial greenhouse gas output.
The Japanese government estimates that the corporate sector is responsible for nearly 60% of the country’s greenhouse gas emissions. Under the newly revised law, between 300 and 400 companies will be obligated to take part in the system.
The trading mechanism will set a maximum emission allowance for each participant. If companies exceed their limit, they will need to purchase carbon credits from the market. Those with emissions below their allowance can sell surplus credits, creating a financial incentive to reduce emissions further.
The move signals a strong policy shift in Japan’s climate action, placing clear responsibility on large-scale emitters to contribute to national and global decarbonization efforts.
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Australia and Japan signed contracts on Saturday (18 April) launching their landmark A$10 billion ($7 billion) deal to supply Australia with warships, Tokyo's most consequential military sale since ending a military export ban in 2014.
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Iran accuses the United States of breaching a ceasefire after a commercial ship was seized in the Gulf of Oman, vowing retaliation, as Israel warns south Lebanon residents to avoid restricted areas.
Progessive Bulgaria, led by pro-Russian Eurosceptic Rumen Radev is on track to form Bulgaria’s next government, after official results showed a runaway victory for the coalition in the Balkan nation's parliamentary elections on Monday (20 April).
A powerful 7.5 magnitude earthquake has struck off Japan’s north-eastern coast, triggering urgent tsunami warnings with waves of up to 3 metres expected, prompting residents to seek immediate safety.
Blue Origin, the U.S. space company of billionaire Amazon founder Jeff Bezos, successfully reused and recovered a booster for its New Glenn rocket launched from Florida on Sunday (19 April), in the latest chapter of its intensifying rivalry with Elon Musk’s SpaceX.
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran, as JD Vance is reportedly set to visit Islamabad on Tuesday for peace talks, according to Axios.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of April, covering the latest developments you need to know
Japan on Tuesday unveiled its biggest overhaul of defence export rules in decades, scrapping restrictions on overseas arms sales and opening the way for exports of warships, missiles and other weapons.
Hungarian election winner Péter Magyar on Monday nominated András Kármán as finance minister, Anita Orbán as foreign minister and István Kapitány as economy and energy minister in his incoming government, as previously indicated.
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