Cost Structure of CCUS and the Legal Framework

Background and Objectives

At the 1st Asia CCUS Network Forum held in June 2021, it was concluded that CCUS and Carbon Recycling are crucial technologies for the East Asia Summit (EAS) region to achieve carbon neutrality in the future amidst the expected increase of fossil fuel consumption in the region. It was also discussed by the stakeholders that participated in the Forum, that to bring more CCUS projects to the commercialisation stage, issues, such as the lack of an adequate legal framework to address liability and a project pipeline through pilot projects need to be resolved. Moreover, it is expected that to accelerate the deployment of CCUS in the EAS region, there is a need to bridge the gap and to implement knowledge and experience sharing amongst the ASEAN and Asia region.

Building upon the outcome of previous discussions as described above, this workshop hosted by ERIA and METI aims to serve as an opportunity to share knowledge about the cost structure of CCUS projects through model case study and discuss policies and measures that may contribute to developing enabling environment of the business case of CCUS.

The goals of the workshop are as follows:

• Promote the knowledge share on the cost structure and range of expected costs of CCUS.
• Exchange ideas of policies and measures that may be beneficial to bring down costs.
• Discuss possibilities of regional response for policy formulation.

Programme (DRAFT)

Date: 18 January 2022

Time: 9 AM to 11 AM Jakarta time (UTC+7)

[Draft as of 27 December 2021]

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