Carbon credit trading platform Carbon EX and Tohoku Bank enter into business alliance

Carbon EX has formed a business alliance with Tohoku Bank. Through the provision of carbon credits and non-fossil fuel certificates on “Carbon EX,” a carbon credit and emissions trading platform operated by Carbon EX that handles a wide range of credits from around the world, the two companies will support corporate environmental contribution activities.

Background of the Business Alliance

With the Japanese government’s goal of “carbon neutrality by 2050,” the movement toward decarbonization is accelerating globally. To promote decarbonization management, companies need to reduce greenhouse gas emissions as much as possible, and offset unavoidable emissions through absorption and removal. While introducing renewable energy and promoting energy conservation are ways to reduce greenhouse gas emissions, it is challenging for companies, which account for more than 60% of total domestic energy consumption*, to achieve zero greenhouse gas emissions.

Carbon EX operates “Carbon EX,” a carbon credit and emissions trading platform that handles a wide range of credits worldwide, with the corporate philosophy of “creating new industries for net zero.” “Carbon EX” allows users to browse and purchase highly reliable domestic and international carbon credits 24 hours a day, 365 days a year, and provides comprehensive support for credit creation and purchasing. Currently, the number of registered buyer and seller companies exceeds 1,300, and the platform handles approximately 5 million tons of carbon credits available for supply, both domestically and internationally. Carbon EX promotes global decarbonization management for companies through the provision of this carbon credit trading platform.

This business alliance between Carbon EX and Tohoku Bank is expected to expand opportunities for companies in the Tohoku region to utilize carbon credits.

One-Stop Support for Decarbonization

Tohoku Bank’s purpose is to “improve regional strength.” As a regional financial institution, it aims to create a better future together with customers in the region. It is also committed to supporting carbon neutral initiatives and working with local customers to contribute to the revitalization of the regional economy.

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