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About the Report
Japan is striving to lower its CO₂ emissions despite obstacles such as scarce domestic energy resources and a greater reliance on fossil fuels following the Fukushima nuclear accident. To achieve this, the country is increasing investments in renewable energy sources and other low-carbon technologies. As part of its commitment to carbon neutrality, Japan is also advancing carbon capture and storage (CCS), aiming to store between 120 and 240 million tonnes of CO₂ each year by 2050 while establishing large-scale commercial CCS projects by 2030.
The aim of this report is to provide an overview of the market for Carbon Capture, Utilization and Storage technologies as a key component of Japan’s commitment to achieving carbon neutrality. The report examines the current state of relevant technologies (as defined in chapter 2b), domestic and international applications, ongoing projects, and the applicable legal and regulatory framework. It concludes by assessing market opportunities and challenges and provides recommendations for European companies seeking to enter the Japanese market.
About the Expert
Peter Beck is responsible for the Energy and Environmental Technology Division of ECOS. In more than 30 years, Peter gained experience in the field of consulting, research and project engineering especially focusing on renewable energies, energy efficiency, Combined Heat and Power Cogeneration and hydrogen technology. Peter Beck has experiences in the following fields:
• Various Research and Market Studies in the field of Renewable Energies, PV, Biogas, Biomass, Carbon Capture and Storage Technologies, Hydrogen, Energy Efficiency, Waste Heat Utilization etc.
• Consulting and Marketing Concepts for market entry in Japan, especially for European companies in renewable energy business
• Project management, e.g. of German-Japanese cooperation projects in the field of renewable energies (e.g. PV and bioenergy) and energy management in Japan
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Joint venture established in 1987 by the European Commission (DG GROW) and the Japanese Government (METI) for promoting all forms of industrial, trade and investment cooperation between the EU and Japan.
