#Japan #Tokyo #Carbon Credits #Forest Conservation #invox

Invox Launches 'Invox's Forest'

Invox Inc., headquartered in Shinjuku, Tokyo, has recently unveiled its forest conservation and regeneration project known as 'Invox's Forest'. This initiative focuses on leveraging carbon credits to support forest owners comprehensively—from credit creation to utilization and profit-sharing.

Background of the Project

Forests play a crucial role in absorbing CO₂, preventing natural disasters, and preserving biodiversity, making them indispensable for maintaining the Earth's environment. Despite their importance, the forestry sector has been facing challenges, leading to inadequate management in many forests and an increasing number of unknown ownerships. In response, the Forest Management Act was implemented in 2019 to address these issues through municipal management delegations and securing financial resources via forest environment taxes. However, insufficient personnel and budgets hinder adequate management.

Understanding Carbon Credits

Carbon credits serve as a trading mechanism by transforming CO₂ reduction and absorption amounts into tradable credits. This economic incentive allows forest owners to gain new financial resources by enhancing their CO₂ absorption through sustainable forest management practices, thereby promoting environmental conservation. Nevertheless, the challenges of initial costs and the unpredictability of sale timelines pose significant barriers, particularly for smaller forest owners who may express interest but face difficulties in planning.

Overview of 'Invox's Forest'

Under the 'Invox's Forest' initiative, the company commits to covering all expenses related to the creation of carbon credits. The credits generated will be sold through the 'Invox Carbon Accounting' service to businesses engaged in carbon offsetting. In scenarios where profits are generated from sales, these will be shared with the forest owners. This structure aims to minimize risks for forest owners, facilitating easier planning and enabling more forest owners to engage in preservation and regeneration activities.

Collaboration with Local Partners

Recently, Invox has partnered with the Co-Design Research Institute for Local Creation to expand the creation and utilization of J-Credits for forests managed by municipalities. This partnership aims to foster J-Credit initiatives within small forests and those under municipal management, which have previously found implementation challenging. Local governments can now utilize sales revenues from J-Credits to enhance forest management.

About the Co-Design Research Institute for Local Creation

The Co-Design Research Institute for Local Creation, part of the NTT West Group, was established to provide consulting services aimed at supporting local governments and organizations in overcoming challenges associated with regional revitalization.

About Invox Inc.

Invox's mission centers around contributing to a brighter future for children through their business practices. The company's objectives include:
1. Increasing Valuable Time: Striving to provide solutions that enhance productivity at affordable prices, aiming for a prosperous society.
2. Reducing Environmental Impact: Offering solutions that promote decarbonization and environmental restoration.
3. Supporting Children's Needs: Donating 1 yen per invoice to NPOs addressing child-related issues, with the aim of creating a safe society for children.

Company Overview

Company Name: Invox Inc.
Established: February 1, 2019
Headquarters: Shinjuku Center Building, 49F, 1-25-1 Nishishinjuku, Shinjuku, Tokyo, Japan
Representative: President Akiyoshi Yokoi
Capital: 100 million JPY (as of November 2021)
Number of Employees: 70 (as of December 2024)
Business Focus: Development and operation of Invox solutions
Official Website