THE 5TH AZEC INTERNATIONAL CONFERENCE TO DEVELOP CARBON MARKETS HELD IN HIROSHIMA

TOKYO, July 21 -- Ministry of the Environment issued the following news:

The 5th AZEC International Conference to Develop Carbon Markets Held in Hiroshima

　The Ministry of the Environment (MOE) and the Ministry of Economy, Trade and Industry (METI) of Japan co-hosted the 5th Asia Zero Emission Community (AZEC) International Conference to Develop Carbon Market (AZEC-DCM) in Hiroshima City, Hiroshima Prefecture on July 15, 2026. The energy and environment ministries of AZEC partner countries, as well as representatives of related agencies and private companies, participated in the meeting and engaged in active discussions on developing carbon markets in those countries, including the utilization of the Joint Crediting Mechanism (JCM).

(1) The AZEC International Conference to Develop Carbon Market (AZEC-DCM) was launched in May 2025 as a platform for policymakers' dialogue to discuss matters specified in the Action Plan for Next Decade adopted at the 2nd AZEC Leaders' Meeting in October 2024. Specifically, the AZEC-DCM addresses enhancing the competitiveness of industries through the visualization of GHG emissions throughout the supply chain and the promotion of high-integrity carbon markets.

(2) To date, four meetings have been convened, and discussions toward the development of the carbon market have been deepened.

(1) Meeting Title

5th Asia Zero Emission Community International Conference to Develop Carbon Markets (AZEC-DCM)

(2) Date and Location

Date: July 15, 2026

Location: Hiroshima, Japan

(3) Japanese Government Participants

Ms. OGAWA Masako, Deputy Director-General, Global Environmental Bureau, Ministry of the Environment

Mr. SUGANO Masafumi, Senior Director for Energy and Environment Policy, Ministry of Economy, Trade and Industry

Mr. HAGIWARA Hideki, Deputy Assistant Minister, Deputy Director-General for Export and International Affairs Bureau, Ministry of Agriculture, Forestry and Fisheries

and others

(4) Organizers

Ministry of the Environment, and Ministry of Economy, Trade and Industry of Japan

(5) Agenda

Session 1: Current situation and existing practices in carbon pricing

Session 2: Practical application of carbon credit methodology and leading examples in line with Article 6

Session 3: Domestic frameworks under Article 6 to incentivize foreign investment

Session 4: Development of new approaches for carbon credit

Session 5: Regional cooperation among AZEC partner counties

Wrap-up

First AZEC International Conference to Develop Carbon Markets | Press Release | Ministry of the Environment, Government of Japan

Second AZEC International Conference to Develop Carbon Markets | Press Release | Ministry of the Environment, Government of Japan

Report on the Outcome of the AZEC International Conference to Develop Carbon Market | Press Release | Ministry of the Environment, Government of Japan

Third AZEC International Conference to Develop Carbon Markets | Press Release | Ministry of the Environment, Government of Japan (Japanese)

Fourth AZEC International Conference to Develop Carbon Markets | Press Release | Ministry of the Environment, Government of Japan

Contact Office for the Joint Crediting Mechanism and International Carbon Market, Global Environment Bureau, Ministry of the Environment, Japan

Direct number +81-3-5521-8246

E-mail jcm-contact@env.go.jp

Disclaimer: Curated by HT Syndication.