Wakayama Prefecture's Aridagawa Town, The Kiyo Bank, and Bywill Sign Partnership Agreement to Promote Regional Decarbonization and Resource Circulation in Aridagawa Town Utilizing Environmental Value

Q: What is the source and date?

Source: https://prtimes.jp/main/html/rd/p/000000468.000013100.html | Date: Date unavailable

Bywill Inc. (Head Office: Chuo-ku, Tokyo; President and CEO: Yuichiro Shimomura), which promotes economic circulation utilizing environmental value with the aim of creating a world where "GX is desirable," has signed a "Partnership Agreement to Promote Regional Decarbonization and Resource Circulation in Aridagawa Town Utilizing Environmental Value" with Aridagawa Town, Wakayama Prefecture (Mayor: Norihiko Sakato; hereinafter referred to as "Aridagawa Town") and The Kiyo Bank, Ltd. (Head Office: Wakayama City, Wakayama Prefecture; Director and President: Hiroyuki Haraguchi; hereinafter referred to as "Kiyo Bank"). Based on this agreement, the three parties will work on the creation and distribution of environmental value, including J-Credits (Note 1), and the creation of new business models. Note 1: The J-Credit System is a system in which the Japanese government certifies greenhouse gas emission reductions achieved through the introduction of energy-saving and renewable energy equipment, and greenhouse gas absorption achieved through appropriate forest management, as "J-Credits." Issued J-Credits can be traded with other companies, and purchasers can use them to achieve their own greenhouse gas reduction targets. [Date of Agreement] June 26, 2026 (Fri) [Agreement Details] With the aim of contributing to the realization of carbon neutrality and a circular economy in the region, the three parties will cooperate on the following matters: (1) Provision of information, services, and know-how related to environmental value (2) Creation of new business models utilizing environmental value (3) Other matters that the parties deem conducive to the purpose of this agreement [Background of Agreement] Aridagawa Town declared "Aridagawa Town Zero Carbon City Declaration" on June 5, 2024 (Wed), aiming for net zero carbon dioxide emissions by 2050. To achieve this, the town is actively working on the utilization of renewable energy, energy saving, and waste reduction. Furthermore,