After the COP26 held in Glasgow, United Kingdom, last autumn 2021, many Asian countries echoed western countries regarding the need to find pathways to achieving carbon neutrality by 2050 and beyond with international assistance. In trying to find such pathways, attention will need to be paid to the accessibility, availability, and affordability of energy supply to achieve reasonable economic growth continuously up until 2050. Therefore, in the energy transition period towards carbon neutrality beyond 2050, a gradual shift from coal to gas in power generation will be an important policy to reduce emissions. Co-firing of hydrogen and ammonia with gas and coal power plants is another important policy to move towards carbon neutrality together with maximising the share of variable renewable energy and minimising the share of electric storage. Besides, switching to cleaner fuels such as gas, ammonia, and hydrogen, and to clean technologies, an application of CCUS will be the most appropriate clean energy technologies for the Asian region to achieve net zero emissions. Current challenge to apply CCUS technology is due to geopolitical factors that affect international fossil fuel market. The significant increase of fossil fuels’ price will lead to an additional investment on fossil fuel that means its consumption and CO2 emissions will also increase.

Looking at the Asian region, Indonesia prepared a draft CCS/CCUS regulation, which is currently awaiting approval by the president. Moreover, PETRONAS is ready to start CCS projects with a Japanese company. Various activities have been organised by the Asia CCUS Network over the past year – knowledge sharing, research studies, and capacity building trainings.

The aim of the Second Asia CCUS Network Forum is to report the ACN’s activities in 2021–2202 and the workplan of ACN’s activities/milestones for 2022–2023, after the ministerial remarks, and the Second Forum will hold panel discussions to review the current CCUS situation and policies in the East Asia Summit (EAS) region concerning issues and challenges of CCUS deployment in the region. The Second Forum invites the CCS+ Initiative to introduce its activities regarding the calculation of carbon credit for CCS businesses

The Asia CCUS Network Forum is co-hosted by Economic Research Institute for ASEAN and East Asia (ERIA) as Secretariat of Asia CCUS Network (ACN) and Ministry of Economy, Trade, and Industry (METI), Japan.

Event Details

• Date: Friday, 30 September 2022
• Time: 09:00 AM - 12:00 PM (Japan/JST)
• Venue: Tokyo, Japan | Hybrid Forum

Agenda

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