#Japan #Tokyo #carbon removal #CDR Project

Expanding Support for CDR Credits in Tokyo

The realization of a zero-emission Tokyo necessitates not only measures to reduce CO₂ emissions but also initiatives aimed at capturing and removing CO₂ from the atmosphere, commonly referred to as Carbon Dioxide Removal (CDR). In light of this, the availability of carbon credits, which can be traded for the CO₂ removed, has emerged as a critical component for progressing CDR efforts. Market demand for carbon credits is projected to grow, attracting attention both domestically and internationally.

In response to this growing need, the Tokyo Metropolitan Government is initiating a new program designed to promote the generation of carbon credits through CDR. Starting from fiscal year 2008, this initiative will broaden its support to include not only the use of natural resources but also the employment of cutting-edge technologies for carbon credit production. The program will extend beyond the borders of Tokyo to include locations across Japan and internationally. Additionally, the duration of the program and the funding limits will be significantly increased.

This initiative aims to recruit medium-sized enterprises, small businesses, and startups located in Tokyo to participate in creating carbon credits through CDR. Here are the key details of the program:

Project Overview

The program will publicize an open call for businesses engaged in the commercialization and societal implementation of CDR utilizing carbon credits. Selected participants will receive financial support for their expenses through agreements, along with ongoing support from program promoters for a duration of three years.

Implementation Period

The program will run from fiscal year 2008 to fiscal year 2010, spanning three years.

Number of Selections

Approximately three businesses will be selected for the initiative.

Support Details

1. Partial funding for expenses related to demonstration projects (up to 50 million yen).
2. Ongoing support from business promoters.

Application Overview

Main Application Requirements

• - Applicants must be medium-sized or small enterprises, or startups with head offices or primary business offices located in Tokyo.

Recruitment Theme

Applications can be submitted under two categories depending on technological maturity and the development status of credit methodologies:
1. Construction of business models utilizing credits.
2. Development of new methodologies.

How to Apply

Interested parties can fill out the application form available on the project's website (https://www.removal-credit.metro.tokyo.lg.jp) and submit it via email along with a project proposal to the designated address stated in the application guidelines.

Application Period

Applications will be accepted from May 18, 2028, to June 26, 2028, at noon.

Information Session

An online information session will be held to introduce the program's details, application requirements, submission process, evaluation criteria, and overall schedule. Those interested in participating can register through the information session application form on the project’s website.
Date and Time: May 28, 2028, from 2:00 PM to 2:40 PM.
Content: Overview of the project, application requirements and methods, evaluation procedure, comprehensive schedule, etc.

Schedule

(Note: The schedule is subject to potential changes in the future.)