Marubeni Launches Carbon Offset Project in Akita Prefecture Forests

Image courtesy of Marubeni

Japanese trading conglomerate Marubeni Corporation together with Noshiro City, Akita Prefecture, and Shirakami Forest Union have agreed to collaborate on a new carbon offset project.

Using the J-Credit System in city-owned forests in Noshiro City and forests managed by Shirakami Forest Union, the project is being undertaken as a means to actively work towards achieving Sustainable Development Goals and carbon neutrality by the year 2050.

The J-Credit System, the purpose of which is to circulate funds for mitigating global climate change through the free trading of government-certified credits, involves the awarding of credits (J-Credits) equivalent to the amounts of carbon dioxide and other emissions reductions achieved through the introduction of energy-saving equipment and the use of renewable energy.

The system also awards credits for the amounts of carbon dioxide and other relevant substances absorbed through appropriate forest management.

As part of the Project, J-Credits will be registered and certified by conducting operations and implementing appropriate forest management based on a forest management plan for the target forest area of approximately 2,200 hectares.

Currently, Japan’s forestry industry faces a number of problems, exemplified by the dispersed nature of small-scale forest land; the lack of clarity regarding forest boundaries; the dearth of reforestation initiatives following logging operations; and the failure to return profits to forest owners.

By addressing these issues through the new project, Marubeni, Noshiro City, and Shirakami Forest Union will contribute to the future revitalisation of the forest industry, including the improvement of forest operations and the utilisation of timber.

Marubeni’s efforts in this area align with the company’s long-term vision for climate change (formulated in March 2021) and its Green Strategy, one of the basic policies to enhance corporate value in the company’s Mid-Term Management Strategy “GC2024.”