Iyo Bank supports J-Credit utilization in the agricultural sector

Iyo Bank has collaborated with Green Carbon to support J-Credit utilization in the agricultural sector for Au Nogyo.

Au Nogyo has joined the "Rice Cultivation Consortium" operated by Green Carbon, enabling the creation of carbon credits through "extending mid-season drainage in rice cultivation," thereby generating new income beyond agricultural products.

This is the first project based on the cooperation agreement signed in December 2024 by Iyo Bank, Green Carbon, Ehime Prefecture, Ehime Bank, and Themix Green.

Iyo Bank will continue to promote J-Credit utilization in Ehime Prefecture's agricultural sector by collaborating with other local governments, establishing a carbon credit business model, and focusing on credit creation and carbon offset methods in the agricultural domain.

Also, in September 2024, SBI Sumishin Net Bank has entered into a capital and business alliance agreement with Green Carbon to realize the joint creation of carbon credits in the forestry and agriculture sectors.

J-Credit "Extended Mid-Season Drainage in Rice Cultivation"

The J-Credit system is a national certification mechanism that allows trading of greenhouse gas emission reduction quantities as "credits". It visualizes emission reduction by agricultural workers and enables them to generate sales income through greenhouse gas reduction and absorption efforts, with significant potential in the agricultural sector.

"Extended mid-season drainage in rice cultivation" is one of the J-Credit system methodologies. By extending the mid-season drainage period by 7 days or more compared to the average implementation days in the past two years, and after undergoing specified verification, credits can be certified for the reduced amount.

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