Proposing the use of carbon credits for decarbonization in Laos
Green Carbon, Inc. (CEO: Jun Okita, hereafter referred to as “Green Carbon”) is pleased to announce its participation in the “Laos Decarbonization Solutions Business Mission” (hereafter referred to as “the event”), hosted by JETRO in Vientiane, the capital of Laos. Green Carbon also presented at the networking meeting hosted by the Embassy of Japan. Through this event, Green Carbon highlighted the potential for nature-based carbon credit creation in Laos.
Overview of the “Laos Decarbonization Solutions Business Mission”
In 2021, the Laotian government pledged to reduce emissions by 60% by 2030 and presented a roadmap to achieve net zero by 2050, conditional on support from developed nations.
In Laos, active efforts are underway to achieve carbon neutrality, especially in the power generation and forestry sectors. The government is also advancing legislative measures and investments in decarbonization, such as the development of a national REDD+ strategy※１and government directives on carbon credit management.
During the “ Laos Decarbonization Solutions Business Mission” held from Tuesday, October 29 to Thursday, October 31, 2024, interactions and site visits were conducted with Laotian government agencies and local businesses. At the networking event hosted by the Japanese Embassy on Wednesday, October 30, Japanese companies delivered pitches, and exchanges took place between Japanese companies and Laotian businesses and government representatives. Additionally, on Thursday, October 31, a seminar was held by the Laotian Ministry of Natural Resources and Environment and the Forestry Department to discuss decarbonization policies and legislation, followed by business negotiations between Japanese and Laotian companies.
〈Event Overview〉
Organizer ：Japan External Trade Organization (JETRO)
Date ：Tuesday, October 29 – Thursday, October 31, 2024
Host City ：Vientiane, Laos
Overview ：A business mission to explore Laos, a country accelerating efforts toward decarbonization
Targeted companies：Japanese companies and Japanese-affiliated overseas companies considering entering, investing in, or expanding their business in Laos in decarbonization fields ( such as REDD+, agriculture, forestry and livestock, clean energy, waste management, EVs , carbon credits, and innovation)
URL ：https://www.jetro.go.jp/events/odd/7c73598ec14d940a.html
Schedule ：
Monday, October 28: Arrival in Vientiane, Laos
Tuesday, October 29: Orientation / Workshop / Courtesy visit and exchange of opinions with government agencies / Networking with Japanese companies and Laotian government/companies
Wednesday, October 30 – Thursday, October 31: Company visits / Site inspections / Visits to government agencies / Business matching
Background of Participation
Green Carbon is committed to creating nature-based carbon credits throughout Southeast Asia, with a wide range of projects including forest conservation, paddy field management, mangrove reforestation, livestock methane reduction, and biochar initiatives.
Our participation was prompted by recognition of our efforts in carbon credit creation within Southeast Asia. During this mission, Green Carbon shared insights into the potential of the AWD(Alternate Wetting and Drying ※2) project for paddy fields in Laos and engaged in dynamic discussions, with the Ministry of Agriculture, the Ministry of Natural Resources and Environment, and local businesses during the networking session.
Moving forward, Green Carbon plans to leverage its expertise in carbon credit creation across Southeast Asia by collaborating with universities and companies in Laos to advance project initiatives. Additionally, beyond paddy fields, Green Carbon aims to harness Laos’s natural resources to contribute to decarbonization efforts.
※1：REDD+
REDD+ is an international initiative aimed at reducing greenhouse gas emissions from deforestation and forest degradation in developing countries, while promoting forest conservation and sustainable management. By protecting forests, REDD+ helps mitigate climate change and curb deforestation through economic incentives. The initiative also contributes to achieving national greenhouse gas reduction targets through the use of carbon credit systems.
※2: AWD (Alternate Wetting & Drying)
AWD is a technique that involves periodically flooding and naturally drying paddy fields based on the water level. Compared to continuous flooding, AWD can reduce water usage and contribute to the conservation of water resources.
◆ Green Carbon, Inc.
Representative : Jun Okita, CEO
Location : Isal AKASAKA607, 5-2-33 Akasaka, Minato-ku, Tokyo
Establishment : December 2019
Business : Carbon credit creation and sales business, agriculture-related business, environment-related business, other related businesses and ESG consulting business
URL : https://green-carbon.co.jp/
◆ Introduction of Green Carbon
Green Carbon operates with the vision of “Saving the Earth with the Power of Life”, providing comprehensive support from carbon credit creation, registration, to sales. Additionally, we are involved in agriculture-related businesses, research and development, ESG consulting. Among others. Our main focus is on generation carbon credits through methane gas reduction in rice paddies, where we have obtained certification for J-Credits, the first and largest in Japan (approximately 6,220 tons), and plan to expand to around 50,000 hectares in the fiscal year 2024. We also offer a service called “Agreen” that integrates credit registration, application, and sales into one platform, simplifying procedures such as application registration and document preparation, thus reducing workload for credit creators.
◆GREEN CARBON JAPAN VIETNAM COMPANY LIMITED
Abbreviation ：GREEN CARBON JAPAN VIETNAM CO,. LTD
Representative ：Jun Okita, CEO
Location ：10th Floor, The Nexus Building, 34-3B Ton Duc Thang, 1, Ho Chi Minh City, Vietnam
Establishment : August 24
Businesses : Carbon credit creation and sales business. agriculture-related business