• The Supplemental Budget which will finance the “Japan Green New Deal” has passed the Japanese Diet (legislature). The budget supports solar energy and promotes emission reductions through environmentally friendly products.
  • Marubeni has signed an agreement with Russia’s Gazprom Marketing and Trading (GM&T) to obtain ERUs. In accordance with the agreement, GM&T will sell ERUs to Marubeni which is interested in selling the credits to other Japanese companies.
  • It has been reported that US-based company Interblue has sold 15 million AAUs purchased from the Slovak Republic to Japanese companies. The AUUs, which are not subject to a greening obligation, have been sold for a reported price of up to €8-9. None of the Japanese companies reported by the Slovak press as purchasers of the AAUs has confirmed that it has purchased such units. Following recent purchases of greened AAUs by the Japanese government from Ukraine and the Czech Republic, this further increases the number of AAUs in the Japanese market.
  • Kyushu Electric Power Co. intends to purchase 11 million carbon credits to meet its voluntary emission target by 2012. Kyushu Electric hopes to obtain primary CERs from CDM projects. Kyushu Electric is also participating in the domestic CDM scheme which assists other small to medium sized-companies to reduce their emission levels.