Home Solar Power Generation Project Wins Ministry Approval for CO2 Emission Credits

Image by Dave Dugdale. Some Rights Reserved.

Misawa Homes Co., a major house builder in Japan, announced on January 20, 2010, that the company's project to bundle carbon dioxide (CO2) emission reductions attained by home solar power generation was approved by the Ministry of Economy, Trade and Industry two days earlier as a project certified under the Domestic Credit System. This is the first emissions credit for home solar power generation in Japan.

The Domestic Credit System is specified in the Kyoto Protocol Target Achievement Plan. Under it, reductions in CO2 attained by small- and medium-scale enterprises and others (project implementers) using the funds and technology of large corporations and others (co-implementers) can be certified as emission credits by a third-party certification organization, Japan's Domestic Credit Certification Committee, to attain the goals of the Voluntary Action Plan. In the Misawa Homes project, the co-implementer is Misawa Homes and the implementer is the Eco-House Association, a voluntary group of Misawa Homes' house owners.

Starting with ten solar power-generating houses, the company plans to make about 25 tons of CO2 reductions tradable as credits before the end of March 2013, which falls within the domestic credit system implementation period.

Posted: 2010/04/12 06:00:15 AM