Nissan fund to generate CO2 credits for Japan's LEAF owners
Nissan Motor Co., Ltd. has launched the Nissan Zero Emission Fund, a new fund for individual Nissan electric vehicle (EV) owners in Japan which converts the amount of CO2 emissions that are offset by driving the electric Nissan LEAF to generate credits, according to a report in the Green car Congress..
Through participation in this fund program, Nissan LEAF owners will be able to generate CO2 emissions credits certified by the Ministry of Economy, Trade and Industry (METI) and sold to the Green Investment Promotion Organization, an organization that promotes investment in low carbon emissions. Profits earned by the sale of the credits will be invested by the fund to support the installation of quick charging facilities and forest conservation activities.
The Nissan LEAF’s total annual distance traveled is automatically collected by the NISSAN CARWINGS Data Center through its continuous on-board communication unit. The system calculates and certifies the amount of CO2 emissions that are avoided by driving zero-emissions vehicles.
Nissan will engage in forest conservation efforts together with “more trees,” a generally incorporated foundation in Japan. Nissan and more trees will use part of the profits generated by the fund to facilitate conservation of thinning forests in Japan that need reforestation, to be designated “LEAF Forests.”
As the amount of offset CO2 emissions is calculated according to the distance traveled, the more that Nissan LEAF owners participate, the more CO2 emissions are reduced, and this ultimately will contribute toward the installation of quick chargers as well as environmental conservation through the Nissan Zero Emission Fund, the company said.