Mizuho participates in NextGen CDR Facility and concludes long-term agreement for technology-based CDR credits. (Photo: Wikipedia Commons)
Mizuho Financial Group has announced its entry into the NextGen platform as a carbon credit buyer, marking a first for Japan’s banking industry. The bank has committed to long-term carbon removal credit procurement contracts at an average price of $200 per ton, demonstrating its confidence in the sector's growth.
As more corporations accelerate their carbon removal credit purchases, Megan Kemp, Global Head of Strategy at NextGen and South Pole, emphasized that 2025 will be a pivotal year for carbon removal development.
Carbon removal market gains momentum as Mizuho joins NextGen
Both NextGen and Mizuho stated that the bank’s involvement strengthens market confidence in high-quality, technology-driven carbon removal credits. By leveraging carbon markets, these investments provide stable funding for emerging technologies, facilitating scalability and commercialization while accelerating corporate net-zero goals.
