2022-04-12
TOKYO, Apr 12, 2022 – (JCN Newswire) – IHI Corporation (hereinafter IHI) and Fujitsu Limited today announced the launch of a joint project on environmental value trading(1) starting April 1, 2022, with the aim of contributing to the realization of a carbon-neutral society and to revitalize the market of environmental value trading ecosystems.
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Under this joint project, IHI and Fujitsu will work toward the commercialization and promotion of an environmental value distribution platform by leveraging their business knowledge in blockchain technology and carbon neutrality solutions. The two parties will issue environmental value “tokens”(2) based on data on the reduction of CO2 emissions collected through IHI’s IoT platform “ILIPS” (IHI group Lifecycle Partner System)(3) and establish a platform for distributing these tokens to the environmental value trading market by leveraging Fujitsu’s “ConnectionChain” security technology to interconnect various blockchains.
Through this new platform, the two companies aim to support an efficient distribution of environmental value and the reduction of CO2 emissions generated by companies around the world, and contribute to the realization of the common global goal of a carbon-neutral society.
Background
The trading of environmental values such as carbon credits(4) has been gaining increasing attention as it constitutes a cost-efficient means of reducing CO2 emissions and supports various countries and companies in their efforts to contribute to the realization of a carbon neutral society.
At the same time, the expansion of the distribution volume of carbon credits on the market represents an urgent issue in efforts to bolster environmental value trading. Currently, international initiatives including TSVCM(5), a taskforce working to scale voluntary carbon markets, are promoting measures to expand the scale of transactions and…
