Japan Exchange Group (JPX) is exploring the option of issuing “digitally tracked green bonds” as a means of funding its initiatives aimed at achieving carbon neutrality.
The organization has set an ambitious goal to reach net-zero emissions by the fiscal year 2024. This effort includes investments in sustainable energy generation, such as solar panels and biomass facilities that utilize waste cooking oil as fuel.
To finance these projects, JPX is evaluating the potential of a digitally tracked green bond. This bond would leverage blockchain technology to enhance data transparency and streamline data collection processes. The issuance will be supported by a security token platform from Boostry.
Additionally, JPX is focused on improving transparency regarding the allocation of funds raised through this bond. They intend to develop a mechanism that automatically tracks and measures the output of their solar and biomass facilities, translating energy generation into quantifiable reductions in CO2 emissions.