360° Coverage : Cumulative J-VER Carbon Offset Amount for Disaster-Stricken...

1 Updates

Cumulative J-VER Carbon Offset Amount for Disaster-Stricken Areas Reaches 10,000 t-CO2

Oct 18 2013, 3:23am CDT | by PR.com

Tokyo, Japan, October 18, 2013 --(PR.com)-- Nipponkoa Insurance Co., Ltd. (President: Masaya Futamiya), supports low-carbon reconstruction projects*1 in the disaster-stricken areas, with the aim...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Cumulative J-VER Carbon Offset Amount for Disaster-Stricken Areas Reaches 10,000 t-CO2

Oct 18 2013, 3:23am CDT | by PR.com

Tokyo, Japan, October 18, 2013 --(PR.com)-- Nipponkoa Insurance Co., Ltd. (President: Masaya Futamiya), supports low-carbon reconstruction projects*1 in the disaster-stricken areas, with the aim of contributing to the swift reconstruction of the areas affected by the Great East Japan Earthquake and the creation of environmentally friendly communities.

Nipponkoa Insurance today announced that another 2,000 tons of CO2 were offset*2 for disaster-stricken areas under the J-VER*3 scheme, bringing the cumulative total to 10,000 tons of CO2.

Moving forward, Nipponkoa Insurance will continue to support the reconstruction efforts in the disaster-stricken areas of Japan and make contributions to the realization of a sustainable society.

An offset of 10,000 tons corresponds to the amount of CO2 that is absorbed in one year by a cedar forest as large as approx. 274* Tokyo Domes.

* The calculation assumes that CO2 absorption per hectare of a cedar plantation planted in 1980 is 7.8 tons per year.

(Source: Forestry Agency website)

Notes:
1. low-carbon reconstruction project
A low-carbon reconstruction project contributes to the creation of a low-carbon society through the use of woody biomass and forest management, including tree thinning in afflicted areas. It is expected that these projects will contribute to an expansion of employment opportunities and economic growth in disaster-stricken areas.
2. carbon offsets
・A carbon offset is a partial or total compensation (offset) of greenhouse gas emissions generated in daily life, etc., by using emissions reductions realized through projects carried out elsewhere.
・If the below is applicable, Nipponkoa will pay a certain amount for each applicable case and implement carbon offsetting.
・When customers select “Eco-Net clause” or “Web confirmation” when enrolling in an automobile
insurance policy
・When “Eco-parts (recycled parts)” were used for repairs, or when resin bumpers were not replaced
but mended for accident repairs covered by motor vehicle insurance policies
3. offset credits (J-VER)
J-VER is a scheme implemented by the Ministry of the Environment of Japan, which verifies credits generated through the emissions reduction and removal of greenhouse gases via domestic projects that can be used for carbon offsetting.

For more detail about this article, please see;
http://www.nipponkoa.co.jp/english/news/whatsnew/2013/2013_09_06_news.pdf

Contact Information:
NKSJ Holdings, Inc.
Ai Goto
81-3-3349-9597
Contact via Email
http://www.sompo-japan.co.jp/english/index.html

Read the full story here: http://www.pr.com/press-release/522172

Press Release Distributed by PR.com

Source: PR.com

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Nigerian parliament approves $1 bn loan to fight Boko Haram
Lagos, Oct 23 (IANS) The Nigerian House of Representatives Wednesday approved President Goodluck Jonathan's request to borrow not more than one billion dollars to tackle the security challenges facing the country.
 
 
Kenya to train 30,000 health workers on Ebola
Nairobi, Oct 23 (IANS) Kenya has plans to train 30,000 health workers on Ebola screening, prevention, control and case management, the health ministry said Wednesday.
 
 
Germany pledges additional five mn euros to fight Ebola
Berlin, Oct 22 (IANS) Germany Wednesday said it would provide over five million euros ($6 million) in additional funds to promote Ebola research.
 
 
Indian-origin student named America's Top Young Scientist
Washington, Oct 22 (IANS) Sahil Doshi, a 14-year-old Indian-American student has won the 2014 Discovery Education 3M Young Scientist Challenge for his innovative, eco-friendly battery design that could help lower harmful greenhouse gases.
 
 
 

Latest from the Network

European Champions League standings
Paris, Oct 22 (IANS) Following are the European Champions League standings for Groups E to H after Tuesday's matches (tabulated under matches played, won, drawn, lost, goals for, against, points), according to Xinhua...
Read more on Sport Balla
 
Rogerio set to break Giggs world record
Rio de Janeiro, Oct 22 (IANS) Sao Paulo goalkeeper Rogerio Ceni is one victory away from earning his fourth Guinness World Record by eclipsing a mark held by Manchester United legend Ryan Giggs. The 41-year-old will...
Read more on Sport Balla
 
Ryan Reynolds can't keep his hands off Blake Lively
Ryan Reynolds was ''really sweet'' to Blake Lively at the Angel City Ball. The couple, who got married in September 2012, made their first red carpet appearance together in New York City on Monday night (10.20.14) since...
Read more on Celebrity Balla
 
Kris Jenner doesn't know who Bruce Jenner is dating
Kris Jenner has ''no idea'' whether Bruce Jenner is dating her best friend. The 58-year-old reality TV star, who split from the Olympic gold medallist last October after 23 years of marriage, claims she doesn't know if...
Read more on Celebrity Balla
 
When Rihanna dressed like 'Harry Potter'
New York, Oct 22 (IANS) Singer Rihanna was spotted here in a Harry Potter style costume. She wore the wizard-like get-up while heading for a business meal here Monday, reports mirror.co.uk. The 26-year-old combined a...
Read more on Celebrity Balla
 
Germany raises humanitarian aid to Iraq
Berlin, Oct 22 (IANS) Germany has pledged a further 20 million euros (about 25.5 million dollars) in humanitarian aid to Iraq, the foreign ministry said in a statement Tuesday. The additional funds are immediately...
Read more on Politics Balla
 
India calls on Israel, Palestine to resume peace process
United Nations, Oct 22 (IANS) India has called upon Israelis and Palestinians to resume the peace process as "dialogue remains the only viable option" to address the issues confronting the region. In a brief statement...
Read more on Politics Balla
 
Airstrikes help ground forces fight IS: Pentagon
Washington, Oct 22 (IANS) Kurdish forces are in control of the majority of the Syrian city of Kobane despite efforts by the Islamic State (IS) to take the town, a spokesperson for US defence department said Tuesday....
Read more on Politics Balla
 
Palestine, Israel urged at UN to halt unilateral initiatives
United Nations, Oct 22 (IANS) UN Secretary-General Ban Ki- moon Tuesday called on Palestine and Israel to overcome differences and halt unilateral initiatives that fuel mistrust, so as to pursue long-term stability in...
Read more on Politics Balla
 
China urges Israel to create conditions for peace
United Nations, Oct 22 (IANS) Chinese government has called on Israel to create necessary conditions for the resumption of peace talks with Palestine. At an open debate of the Security Council on the situation of the...
Read more on Politics Balla