18 September 2024

Fujitsu, IHI, and Mizuho Bank Join Forces to Accelerate Japan’s Carbon Credit Market

Written By FinTech Alliance in FinTech

Fujitsu, IHI, and Mizuho Bank Join Forces to Accelerate Japan’s Carbon Credit Market

In a major step towards decarbonization, Fujitsu, IHI Corporation, and Mizuho Bank have announced a joint venture to streamline and enhance Japan's J-Credit creation process. This partnership will offer comprehensive support to businesses aiming to reduce carbon emissions by leveraging innovative technologies and financial services, helping them monetize their environmental efforts faster and more efficiently.

- The new service will simplify the J-Credit creation process using IHI's engineering capabilities and Fujitsu’s AI-powered platform, reducing the time and effort involved in project registration and credit creation.

- Mizuho Bank's network will play a key role in ensuring the liquidity of J-Credits, mitigating the risk of delayed monetization for businesses after credits are generated.

- By digitizing the credit creation process and focusing on ESG management, the venture aims to drive Japan's transition to a sustainable, low-carbon economy through photovoltaic power and other green initiatives.

Read more here

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