Harnessing potential of biological CO2 capture for Circular Economy
Japan
Key climate policy targets
- Achieve carbon neutrality in 2050
- Reduce Japan’s GHG emissions by 46% in FY2030 from its FY2013 level
CCS long-term roadmap
- Tentative target: 120-240 million tons stored by 2050, or an increase of 6 – 1.2 million tons annually from 2030
- Improve a business environment toward the start of CCS business by 2030
Deployment policies and programs in place
- Enhance JOGMEC’s functions through an amendment to the JOGMEC act last year
- Investment and debt guarantee services for CCS and geological surveys
- R&Ds on monitoring systems for injected CO2, capture technologies,
liquefied CO2 transportation through NEDO - Support of development and operation of advanced CCS projects that can be models for other projects
Priorities going forward
Developing legal frameworks for CCS business:
- Leveraging Asia CCUS Network to establish CCUS market in Asia and develop import/export mechanisms for CO2
- Establish liquefied CO2 ship transportation technology
Map of the selected projects and companies
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