Japan's green tech suppliers seek more credit for carbon reduction

Panasonic hopes to see 'avoided emissions' standards as soon as March

20240613 Tesla

Suppliers to EV makers like Tesla argue that they deserve more credit for efforts to cut global greenhouse gas emissions.  © Reuters

RYOHTAROH SATOH, Nikkei staff writer

TOKYO -- Japan's green tech suppliers are optimistic that international standards for calculating "avoided emissions" are on the horizon, a move the country's government has been pushing hard for.

Avoided emissions refers to the amount of greenhouse gas emissions that the use of a product or service helped to avoid compared to a baseline scenario. Suppliers to EV makers and other green technology manufacturers argue they need such a tool to help them convince investors of their role in fighting climate change.

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