By Shigeru Sato and Michio Nakayama
Nov. 11 (Bloomberg) -- Japan Electric Power Exchange said it will start trading United Nations-emission credits and carbon- free electricity on Nov. 17.
The exchange will charge a 2,000 yen ($20.45) commission to a buyer and seller on each transaction of 10,000 tons of the certified emission reduction credits, known as CERs, the bourse said in a faxed statement. A charge of 0.03 yen per 1 kilowatt- hour will be imposed on the transaction of carbon-dioxide-free electricity, which includes power generated by nuclear and hydroelectric plants.
The trade ministry early this year directed the 40-member bourse to design the trading mechanism as part of efforts to reduce emissions of greenhouse gases such carbon dioxide, blamed for global warming.
The power exchange will hold a seminar on Nov. 14 in Tokyo to explain trading details, according to the statement.
Under the UN's Clean Development Mechanism, polluters can invest in projects that reduce carbon in poorer countries to offset their own emissions. The UN Framework Convention on Climate Change gives CERs to an applicant following the project's endorsement by local governments.
To contact the reporters on this story: Shigeru Sato in Tokyo at ssato10@bloomberg.net; Michio Nakayama in Tokyo at mnakayama4@bloomberg.net.
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