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Home Brazil and Japan celebrate the signing of the first bilateral agreement to promote the regulated carbon market between the two countries

Brazil and Japan celebrate the signing of the first bilateral agreement to promote the regulated carbon market between the two countries

19 July 2022 to 09: 10
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Japan - energy - carbon
Photo Credit – Ministry of the Environment

Brazil and Japan were the first to sign a memorandum of understanding in this regard since the approval of Article 6 of the Paris Agreement at COP26

On the 13th of July, the Minister of the Environment, Joaquim Leite, received the Japanese ambassador Teiji Hayashi to sign a bilateral agreement between Brazil and Japan to promote the regulated carbon credit market.

The countries were the first to sign a protocol of intentions in this regard since the approval of Article 6 of the Paris Agreement in COP26, held in Glasgow (Scotland), in November 2021.

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In addition to recognizing the carbon market as a fundamental tool for reducing greenhouse gases, the Ministries of the Environment of Brazil and Japan emphasize the importance of creating bilateral investment opportunities in green projects for the treatment of solid waste in order to generate clean energy and reduce methane emissions, thus helping nations to meet their goals announced during the last climate conference.

Based on this idea, the Ministries will promote the exchange of information, good practices and experiences on market mechanisms for reducing emissions, in addition to encouraging business sectors in both countries to invest in climate change mitigation projects.

Boats with batteries and wind turbines at sea: Japan's largest shipbuilding company, Imabari, will build a boat capable of transporting energy from offshore plants to shore

If wind farms located at sea are much more efficient than those located on land, why do we continue to place them in the “wrong” places? One of the hurdles that arise when installing wind turbines offshore is transporting energy by cables to shore. But what if we could develop wind energy almost anywhere on the planet, regardless of its location? Power ARK boats from a Japanese startup could play a key role in ending this challenge.

The first model in the Power ARK series, “Power ARK 100”, is a 100TEU trimaran specially designed to transfer renewable energy in the coastal waters of Japan. 

PowerX is developing a vessel designed to transport energy generated by offshore wind farms to shore. The boat, 100 meters long, will run on electricity and will be able to travel a distance of 300 km. However, it will also have a backup biodiesel engine that, if necessary, will allow the initial range to be extended.

Unlike other vessels that were designed to transport crude oil, gas or coal, the Power ARK will have 100 batteries capable of offering a capacity of 220 MWh of energy generated by offshore power plants. This, according to PowerX, will be enough to cover the daily energy needs of 22.000 Japanese households with a single trip.

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