Expected to achieve approximately 13 million tons of GHG reduction over 20 years
Green Carbon, Inc. (CEO: Jun Okita, hereinafter referred to as “Green Carbon”) has announced its registration for a carbon credit generation project through reforestation at Mt. Pinatubo in the Philippines, which makes it the first Japanese company to do so. It has been accepted and listed by *¹Verra under ID5151. The project is expected to achieve approximately 13 million tons of GHG reduction over 20 years. Green Carbon is now seeking project partners for investment and for purchasing the generated carbon credits.
◆Now Seeking Project Partners
For inquiries, please contact us at: info@green-carbon.inc
Green Carbon is focused on generating nature-based carbon credits, primarily in Southeast Asia. The company is involved in a wide range of initiatives, including forest conservation, rice paddies, mangrove reforestation, reducing livestock methane emissions, and biochar projects. In the Philippines, Green Carbon is collaborating with the University of the Philippines and major corporations to develop projects related to rice paddies, biochar, mangrove reforestation, and other reforestation activities.
◆Background on Verra Listing
Mt. Pinatubo, located on the west side of Luzon Island in the Philippines, straddles the borders of Zambales, Bataan, and Pampanga provinces. The volcano erupted in 1991 in one of the largest eruptions of the 20th century, resulting in the loss of tens of thousands of hectares of surrounding forest and the release of significant amounts of CO2 that had been absorbed by the forest into the atmosphere. Over the past decade, there have been no large-scale agricultural or reforestation activities in the area. The indigenous Aeta people have conducted some small-scale reforestation efforts, but these have been limited.
Green Carbon, known for its extensive nature-based carbon credit projects in the Philippines, was approached to undertake a large-scale reforestation project in the area surrounding Mt. Pinatubo. This project aims to restore significant forest areas and is set to begin in 2024 following the VM0047 methodology, with activities planned to continue for 20 years, depending on weather conditions. The project is expected to achieve a reduction of 13,588,168 tons of CO2e over 20 years—equivalent to about 10% of the Philippines’ annual emissions of approximately 130 million tons. This translates to an average annual reduction of 679,408 tons of CO2e. Moving forward, Green Carbon will continue to develop its reforestation projects and collaborate with businesses and local governments planning similar initiatives to expand its efforts.
[Screen Capture of VCS Listing]
URL：https://registry.verra.org/app/projectDetail/VCS/5151
[Google Map: Aerial Photo of Forest Loss at Mount Pinatubo] [Photo of Mt. Pinatubo]
[Photo of Study Session with Local Government]
*¹: Verra
Founded in 2005 by The International Emissions Trading Association (IETA), The World Business Council for Sustainable Development (WBCSD), and The Climate Group, Verra is now managed by this private organization. The VCS (Verified Carbon Standard) is the most widely used certification standard for credits issued from greenhouse gas reduction projects undertaken by companies, organizations, and individuals. It allows for the treatment of greenhouse gas emissions reductions or removals as credits, which has gained significant attention in recent years. These credits certify the reliability of greenhouse gas reductions and are traded like any other commodity.
◆For a list of releases related to our business activities in the Philippines, please visit:
https://green-carbon.co.jp/tag/philippine/
◆Introduction of Green Carbon, Inc.
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 the workload for credit creators.