Marubeni Corp., the only Japanese trading house that’s a member of the European Climate Exchange, is targeting a 43 percent increase in carbon-credit sales as the country approaches a 2012 deadline to reduce emissions under the Kyoto Protocol.
Sales to Japanese utilities and other local polluters may reach 100 million tons by the end of 2012, from the current 70 million tons, said Yutaka Hayashi, an emissions-credit trader with Japan’s fifth-largest trading house. The target volume is worth 2.1 billion euro ($3.3 billion), based on the latest price on the European Climate Exchange in London.
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