Nissan is scheduled to start a system to create a CO2 emissions quota in June using its “Leaf” electric vehicles. The company will create an emission quota for about 10,000 tons per year in collaboration with Leaf owners and sell the quota for the improvement of fast charging facilities and forest conservation. Since an EV does not emit CO2, it can create a quota of 0.9 ton per year that is equivalent to the annual CO2 emissions of a gasoline car. The company gets the reduced CO2 emissions from a LEAF owner for free and sells the combined amounts of emissions to Green Investment Promotion Organization affiliated with the Ministry of Economy, Trade and Industry. Nissan will distribute information on CO2 emissions reduced by EVs to collaborators through the Internet in real time to keep them informed of the progress of CO2 emissions. The emission quota will be sold for 1,500 yen per ton. Nissan so far sold 12,000 Leaf’s in Japan.
Other companies are creating emissions quotas. TOTO, Japan’s leading manufacturer of bathroom equipment, introduced energy saving equipment, and OMRON, one of Japan’s leading manufacturers of sensors, supports energy saving efforts of households through its power sensors. Mitsubishi UFJ Lease and Finance is trying to create a quota by leasing LED lighting to medium-sized companies. The Ministry of Economy, Trade and Industry started the Domestic Clean Development Mechanism in 2008, and Japan already created about 500,000 tons of quotas that are purchased by many companies.