By Reuters Staff
2 Min Read
TOKYO (Reuters) - Tokyo Gas Co Ltd and 14 other Japanese companies that use city gas have formed an alliance to enhance the use of carbon neutral liquefied natural gas (LNG) to help tackle climate change, they said on Tuesday.
Carbon neutral LNG typically involves companies supporting projects that reduce emissions to compensate for emissions generated from exploration and production.
The move, which comes as carbon reduction targets tighten around the world, may encourage global gas producers to offer cleaner supplies.
Members of the new Carbon Neutral LNG Buyers Alliance come from various industries and include Toshiba Corp, Isuzu Motors Ltd and Mitsubishi Estate Co Ltd.
Tokyo Gas Co. and
Isuzu Motors Ltd. on Tuesday formed an alliance to promote so-called carbon-neutral liquefied natural gas as a step to offset climate change-causing emissions.
The launch came as
Japan has pledged to bring its carbon dioxide emissions to net zero by 2050 and companies explore ways to meet the goal. Even if we aim to realize a hydrogen-based or net zero (carbon) society, CO2 emissions are increasing even now,
Tokyo Gas Executive Vice President Kunio Nohata said at a joint press conference in
Tokyo with other executives of the companies.
Carbon-neutral LNG involves energy suppliers engaging in green projects such as reforestation to offset CO2 emissions produced in the process of gas extraction, liquefaction, transport and actual use.