Business Sites:Production: Energy Conservation / Prevention of Global Warming
–CDM projects and use of carbon credits–
CDM projects and use of carbon credits
- Global/Ricoh Group
As part of efforts to achieve the goal of reducing total CO2 emissions in Japan by 12% by fiscal 2010 from the fiscal 1990 level, the Ricoh Group has been preparing for and is implementing Clean Development Mechanism (CDM) projects in order to offset the possible increase of its CO2 emissions that could be caused by a rapid business expansion resulting from M&A transactions or by other external factors. Under the CDM scheme, if businesses in advanced nations reduce greenhouse gases through projects in developing countries, they may have that reduction reflected in their own CO2 reduction goals under certain rules, and ultimately such reduction is used by the governments of their countries to meet national targets. Developing countries benefit from this mechanism as well, since they are given opportunities to receive investments and technology transfers. By the end of fiscal 2010, the Group had received in total a 73,179-ton Certified Emission Reductions (CER) credit for investing in wind power generation projects in India. Out of that amount, a 4,279-ton credit1 was transferred on June 2011 to the Japanese government’s account to offset the difference between
the fiscal 2010 target of total CO2 emissions in Japan and the actual result.2 In fiscal 2010, another 1,650-ton credit was paid by Ricoh Europe PLC (RE), the Group’s European headquarters, to implement “carbon balanced printing,” RE’s new program that enables customers to completely offset CO2 emissions caused by their use of printers. The Group will increase its carbon credits to allow the Group members to use the credit scheme effectively for business and other activities, including RE’s carbon balanced printing and “carbon offset lease,” promoted by Ricoh Leasing Company Ltd.
- 1Fiscal 2010 total CO2 emissions target: 155,875 tons; Actual result: 160,154 tons
- 2Credit ID numbers: IN-000-000-027-139-579 to IN-000-000-027-143-857