Toyota Tsusho, Toho Gas to promote carbon neutrality in Chubu
Toyota Tsusho Corp, a member of Toyota Group, and gas utility Toho Gas have signed a memorandum of understanding to promote carbon neutrality in the Chubu region of Japan, the companies said on August 16.
Through this collaboration, the companies are looking to achieve carbon neutrality by 2050. They plan to jointly promote the building of a gas energy value chain “that contributes toward carbon neutrality through solving the problems related to achieving carbon neutrality that customers have and expanding the use of hydrogen, biogas and other resources in industry and mobility.”
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The government of Japan has announced that it will reduce greenhouse gas (GHG) emissions by 46% compared to the 2013 level by 2030 and achieve carbon neutrality by 2050. In its basic policy, the government has established the creation of a "green society" as the driving force for generating growth and promotes a variety of policies.
Toyota Tsusho in April established the Task Force for Promoting Carbon Neutrality as a groupwide organisation. Subsequently, in July, the company announced that it will reduce GHG emissions by 50% below 2019 levels by 2030 and achieve de facto carbon neutrality by 2050. In July 2021, Toho Gas formulated the Toho Gas Group 2050 Carbon Neutral Challenge.