Japan considers carbon capture as a key component of national decarbonization strategy. (Photo: iStock)
Japan is set to incorporate Carbon Capture and Storage (CCS) into its national energy development framework, aiming for commercial operation by 2030. The government predicts that by 2040, CCS will be commercially competitive, with costs projected to be lower than carbon prices.
Japan to invest CCS projects aiming for commercial launch by 2030
In late June, the Japanese government selected nine CCS projects, five of which are located domestically, while four are in Malaysia and one in Oceania. These initiatives are expected to capture and store a total of 20 million tons of carbon dioxide annually. Masaki Tone, Director of the Resources and Energy Agency at the Ministry of Economy, Trade and Industry (METI), stated that a government decision on investment must be made by 2026 to meet the 2030 commercial launch target.
