GX & Carbon Credit Business

We are driving carbon neutral transitions by developing and delivering decarbonization projects—such as renewable energy and energy efficiency—primarily in emerging and developing countries, and by advancing the development and generation of carbon credits, with a focus on the Joint Crediting Mechanism (JCM).

Toward Carbon Neutrality

Through projects in emerging markets—spanning renewable energy, energy efficiency, forestry, and agriculture—we aim to deliver climate change mitigation while developing and generating high-quality carbon credits.

By leveraging the Paris Agreement–aligned Joint Crediting Mechanism (JCM), we contribute to greenhouse gas reduction targets in both Japan and partner countries, helping accelerate carbon neutrality in Japan and globally.

Backed by a specialist team in climate and finance, and a global network with deep reach across emerging markets, we identify and develop high-quality projects in target countries.

Case 1
Indonesia | Small Hydro Power JCM Project

As the lead project developer under Japan’s Ministry of the Environment subsidy program for JCM facilities, we are advancing a small hydro power JCM project in North Sumatra, Indonesia.

Together with J-POWER (Electric Power Development Co., Ltd.), Japan’s leading power company, we established a joint venture and invested in a local developer and operator of small hydropower plants.

Through this partnership, we continue pursuing generation of JCM credits and support the project’s scale-up and long-term growth.

Case 2
Moldova | Biogas JCM Project

As a NEDO JCM demonstration project, we are advancing the deployment of an anaerobic digestion and biogas plant that converts grain residues generated at an ethanol distillery in Moldova.

The biogas produced will be used as a heat source to replace natural gas currently consumed in the ethanol distillation process, contributing to local decarbonization and generation of JCM credits.

Through this partnership, we continue pursuing generation of JCM credits and support the project’s scale-up and long-term growth.

Wataru Baba

Senior Fellow, Climate and Sustainability at Panasonic Group since 2022, where he accelerated the company’s growth through an integrated strategy for creating positive impact on climate change and established Sustainability Committee, chaired by the Group CEO. Board Member of Japan Professional Football League (J.League) and Independent Director for a civic technology nonprofit, Code for Japan, and a web3 startup, Financie, Inc