Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Ohayo Japan|Fitch Downgrade Spurs Global Risk Off; NUGGET: ANA(+JAL) - Direct Air Capture, Not Cheap

Equity Bottom-Up

<ul>
<li>ANA has just announced that it will purchase carbon removal credits underpinned by Direct Air Capture (DAC)</li>
<li>The purchase of 30,000 credits over 3 years is virtually nothing compared to the company's annual CO2 emissions over 12 million tons</li>
<li>Assuming that DAC is expected to remove just 10% of emissions, we estimate that it could wipe out over 70% of operating profit</li>
</ul>


ANA has just announced that it will purchase carbon removal credits underpinned by Direct Air Capture (DAC)
The purchase of 30,000 credits over 3 years is virtually nothing compared to the company's annual CO2 emissions over 12 million tons
Assuming that DAC is expected to remove just 10% of emissions, we estimate that it could wipe out over 70% of operating profit


ANA (9202) | How Much Will It Cost to Capture Carbon Emissions?

Ana Holdings

ANA (9202) | How Much Will It Cost to Capture Carbon Emissions?