D-Sharing: Japan to trade credits for carbon cut by individuals at home

D-Sharing Co., Japanese climate tech startup

SUGURU KURIMOTO, Nikkei staff writer

August 24, 2019 04:53 JST

TOKYO -- Japanese consumers who power their homes with solar panels installed on their roofs will be able to sell credits for reducing carbon dioxide emissions under a framework set to launch this month, Nikkei has learned.

Companies backed by the likes of Tokyo Electric Power Co. Holdings and SoftBank Corp. will set up the online trading system, with the goal of further spreading renewable energy by assigning monetary value to carbon reductions.

Partners in the project include a joint venture of Tepco and housing materials company Lixil Group; Ubiden, a SoftBank-backed energy company; and Denryoku Sharing, which brokers energy. The program has the backing of the Environment Ministry.

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