METI JOGMEC IETA Joint Online Workshop Global Carbon Markets and CCS Towards ASEAN Decarbonization

  • 25 Jan 2023
  • 2:00 PM (JST)
  • 26 Jan 2023
  • 4:45 PM (JST)
  • Online

 METI, JOGMEC, IETA Joint Online Workshop Global Carbon Markets and CCS: Towards ASEAN Decarbonization

Wednesday 25th and Thursday 26th, January 2023
Supported by Asia CCUS Network

Register HERE

Download the program HERE

Background

In April 2021, Japan Organization for Metals and Energy Security (JOGMEC”) formulated the "Carbon Neutral Initiative” which sets forth policies for strengthening Japan's energy security and addresses climate change. JOGMEC has launched various projects with the aim of ensuring energy security and contributing to a decarbonized society. In particular, JOGMEC positions carbon capture and storage (CCS) as a technology that will contribute to the stable supply of energy resources and the realization of carbon neutrality by 2050. The organization intends to accelerate its efforts to support domestic and international CCS projects promoted by Japanese companies and strengthen international collaboration with particular focus onASEAN. 

In order to facilitate CCS project development and contribute to decarbonization of both Japan and its partner countries, including ASEAN, it is necessary to foster common understanding on the potential of CCS in climate change mitigation as well as issues such as emission reductions accounting methodologies and risk management. To that end, it is important to learn from precedents and participate in international discussions. Additionally, knowledge sharing on good practices in using the carbon market will be key in working towards creating high quality carbon credits including evaluation of co-benefits other than mitigation impact. 

As part of these efforts, JOGMEC, in collaboration with the Ministry of Economy, Trade and Industry (METI) and International Emissions Trading Association (IETA), will hold a joint workshop on the topic of carbon crediting and creation of environmental value by CCS with the aim to facilitate CCS deployment through the appropriate use of carbon markets and contributing to the decarbonization of ASEAN.

Objectives

  • Awareness raising on climate mitigation potential of CCS activities 
  • Knowledge sharing on the latest trends in carbon market and generating carbon credits from CCS 
  • Knowledge sharing on current discussion on CCS-related guidance in Article 6 activities of Paris Agreement and methodological development by private initiative 
  • Reaching common understanding on issues such as accounting methodologies and risk management. 
  • Knowledge sharing on good practices on co-benefits