February 6, 2023
NEC Corporation
Keio University
NEC Corporation (HQ: Minato-ku, Tokyo; President and CEO: Takayuki Morita; hereinafter "NEC") and Keio University (HQ: Minato-ku, Tokyo; President: Kohei Itoh) will co-create and promote the social implementation of "Potential Carbon Credits," a new approach to realize a decarbonized society through open innovation via industry-academia collaboration. This approach involves calculating and visualizing future CO 2 reduction amounts from disaster prevention and mitigation, and enabling market trading by turning them into financial products (credits).
NEC and Keio University are focusing on CO 2 emissions from unavoidable future natural disasters and the amount of their reduction. Through this new approach of converting the amount of CO 2 emissions reduced through disaster prevention and mitigation into an incentive in the form of tradable carbon credits, they will contribute to promoting ESG investment for decarbonization and revitalizing investment in disaster prevention and mitigation measures by companies, governments, and local authorities. Going forward, to accelerate the social implementation of "Potential Carbon Credits," they will expand disaster prevention solutions, conduct research to ensure the objectivity and transparency of CO 2 reduction amounts, and develop financial products to enable carbon credit market trading. To this end, they will seek partners from companies, universities, governments, and local authorities across various industries and fields, aiming to establish a consortium in fiscal 2023.
For the full press release, please see below.