2008 Survey Shows 8.5% of Japanese Companies Buy or Plan to Buy Emission Credits

Seed Planning, a market research and consulting corporation, announced on March 18, 2009, the results of a survey on the emission trading efforts of Japanese companies. According to the findings, 14 out of the 165 surveyed companies (8.5 percent) answered that they had purchased emission credits or planed to do so.

The main reasons for purchasing credits were to achieve their targets for reducing carbon dioxide (CO2) emissions, and to carry out carbon offset projects.

As for the remaining 91.5 percent of the respondents who hadn't purchased emission credits, they cited the following reasons: "domestic trading circumstances remain unpredictable," "have already met voluntary reduction targets without purchasing credits," and "sector peer companies have yet to purchase credits." In addition, 19 companies (11.5 percent of the total) are preparing to handle emission credit purchases should such the need arise in the future.

The survey was conducted via mail and the internet between September and December 2008.

Japan's First Carbon Fund to be Launched This Summer (Related JFS article)
http://www.japanfs.org/en/pages/025640.html

Posted: 2009/09/04 06:00:15 AM

TAG Global warming , Manufacturing industry , Non-manufacturing industry