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illuminem summarizes for you the essential news of the day. Read the full piece on Nikkei Asia or enjoy below:
🗞️ Driving the news: Japan plans to commercialize carbon capture and storage (CCS) by 2030 as a central element of its new energy strategy
• The initiative, led by nine business groups, will pilot projects mainly in Japan and Malaysia to pave the way for CCS integration into the energy sector
🔭 The context: Facing increasing power demands and ambitious climate goals, Japan aims to scale CCS technology to reduce industrial emissions
• This move aligns with the government’s strategy to shift away from fossil fuels while supporting energy security.
🌍 Why it matters for the planet: CCS could significantly reduce emissions from heavy industry and power generation, crucial for Japan’s 2050 carbon-neutral goal
• By investing in CCS, Japan also positions itself as a leader in green tech, setting a model for other industrialized nations
⏭️ What's next: Japan’s Agency for Natural Resources and Energy aims to get one or two CCS projects operational by 2030, with plans to expand rapidly if successful
• The upcoming national energy framework will outline additional policies to accelerate CCS adoption
💬 One quote: “We hope to see one or two of them get off the ground by 2030,” - Masaki Tone, head of the CCS division at Japan’s Agency for Natural Resources and Energy
📈 One stat: Japan aims to capture and store up to 6 million tons of CO₂ annually by 2030 through its carbon capture and storage (CCS) initiatives, contributing to its 2050 net-zero emissions target
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