Japan passes law to boost carbon capture technology
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The House of Councilors in Japan passed a permit system for business operators to facilitate the integration of carbon capture storage (CCS) technology into the business environment. CCS essentially refers to capturing carbon dioxide emissions by factories and other industries that produce and store them underground permanently.
The new law aims to decarbonise Japan by encouraging carbon capture technology in the business environment. It was passed on the 17th after a majority of the House of Councilors voted in favour of it at a plenary session.
Under the new law, the government will play a pivotal role in dictating the areas where carbon emissions can be sealed. It will also oversee the process of granting rights to businesses to establish new CCS projects.
The businesses with the green signal for the project will be allowed to check if the geological formations are appropriate for storing carbon dioxide and will also earn the right to store it. These permissions come with the responsibility of monitoring the storage facilities and keeping an eye on leakage, if there is any.
If a mishap occurs due to a leak, the company will be held accountable, regardless of whether the incident occurred due to negligence or intentional misconduct. The organisation will be required to compensate for its mistake.
Besides this, a plenary session of the House of Councilors on the 17th also proposed developing a system to bridge the price gap between natural gas and hydrogen, making the use of hydrogen more prominent. Hydrogen is expected to become a next-generation source of energy.
Also read: Japan to map out a decarbonising strategy by 2040
The Japanese government has shown its growing seriousness about achieving decarbonisation. Recently, the government announced its plans to develop a national strategy by March of next year. Their approach focuses on decarbonisation and industrial policy.
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