Fukuoka City Initiates Joint Purchase Project for Non-Fossil Certificates Supporting Decarbonization Efforts

Enerbank Collaborates with Fukuoka City for Non-Fossil Certificates

On October 3, 2023, Enerbank Inc. was designated as a support business for the "Joint Purchase Project for Non-Fossil Certificates" initiated by Fukuoka City. This undertaking forms part of a broader effort to achieve a decarbonized society by 2040 with a target of reducing greenhouse gas emissions by 50% by 2030. The project will aid businesses in Fukuoka, both corporations and individual entrepreneurs, in jointly procuring non-fossil certificates, thereby reducing costs and administrative burdens associated with transitioning to renewable energy usage.

Overview of the Joint Purchase Initiative

Fukuoka City has been proactive in its approach to reduce greenhouse gas emissions, advocating for renewable energy sources to phase out fossil fuels. This initiative specifically addresses the procurement of electricity generated without fossil fuel usage through non-fossil certificates, aiding in both environmental improvement and financial viability for participating businesses. Enerbank's unique strength lies in its "Green Ticket" environmental value trading service and its extensive experience in joint purchase systems.

Through collaboration and collective buying, participating businesses can benefit from reduced costs compared to individually purchasing non-fossil certificates. This strategic approach not only encourages the adoption of renewable energy within the city but also promotes greater environmental awareness among local enterprises. By assisting in the local acquisition of renewable energy, the project aims to expand overall accessibility and facilitate easier transitions, especially for businesses hesitant about switching suppliers due to cost or complexity.

The Importance of Non-Fossil Certificates

The implementation of non-fossil certificates not only aligns with Fukuoka City's environmental goals but also allows businesses to enhance their public relations as environmentally-conscious entities. Companies can leverage these certificates for compliance with various frameworks including the Science Based Targets initiative (SBT), Carbon Disclosure Project (CDP), and RE100—which collectively advocate for substantial contributions to global climate policies. A pivotal change occurred in November 2021 when a revision allowed retail electric companies to acquire FIT non-fossil certificates through JEPX, enabling consumers to independently source both power and its associated environmental value.

This means even tenants or businesses reluctant to change their power contracts can still participate in renewable energy initiatives by purchasing these certificates at competitive rates through the joint purchase initiative. This fresh outlook on energy procurement opens the doors for greater participation across the board.

Key Features of the Project

1. Utilization of FIT Non-Fossil Certificates: Businesses can achieve their renewable energy targets without changing their existing electricity contracts.
2. Cost-Effective Collective Purchasing: By consolidating procurement needs among multiple businesses, costs for renewable energy implementation are significantly reduced.
3. Versatile PR Usage: Companies can promote their participation in this initiative as a part of their sustainability strategies in accordance with SBT, CDP, and RE100 guidelines.

Future Directions

Looking ahead, Enerbank aims to increase the number of local businesses participating in renewable energy efforts by establishing a private partnership program. This initiative will invite local enterprises to act as partners, collaborating with Enerbank to facilitate green energy procurement through the Green Ticket service while keeping costs manageable. By leveraging digital solutions, Enerbank is committed to promoting effective methods for green transitions, supporting municipalities in their zero-carbon city initiatives.

For further inquiries about the Non-Fossil Certificate Joint Purchase Project, please visit Enerbank Fukuoka Project Page.