February 6, 2023

NEWS RELEASE www.jogmec.go.jp
Japan Organization for Metals and Energy Security
Division in Charge: Global Coordination Division,Hydrogen and CCS Project Department
Tel:+81-43-276-9290
PR in Charge: Public Relations Division
Tel:+81-3-6758-8106 Fax:+81-3-6758-8008

The first-ever international workshop to boost momentum forcarbon credit generation from CCS projects- Leading international collaboration for carbon credit generation from CCS projects Japan Organization for Metals and Energy Security (JOGMEC) in collaboration with Japan's Ministryof Economy, Trade, and Industry (METI) and the International Emissions Trading Association(IETA), organized an international online workshop on carbon credits generated from carbon dioxide
capture and storage (CCS) projects, entitled “Global carbon market and CCS: Towards ASEAN
decarbonization”, on January 25 and 26, 2023.
Carbon dioxide capture and storage (CCS) initiatives towards achieving carbon neutrality areaccelerating worldwide. In this regard, JOGMEC co-hosted a two-day workshop on CCS and carbon
credits with Japan's Ministry of Economy, Trade, and Industry (METI) and the InternationalEmissions Trading Association (IETA), aiming to promote CCS implementation through appropriate
use of carbon credits, thereby contributing to the realization of a decarbonized society in the ASEAN
region and beyond.
Many individuals expressed interest in the event, and we received over 1,700 registrations fromacross the world. It was the first ever international workshop to comprehensively address the debate
on carbon credits generated from CCS projects, as well as to share the requirements and future
perspectives for existing and under-developed carbon credit schemes. The workshop was highly
praised by participants as an advanced initiative that will drive these discussions in ASEAN andglobally, contributing to the promotion of the Asia Energy Transition Initiative (AETI) (Note 1) and theAsia Zero Emissions Community (AZEC) (Note 2), which are initiatives led by Japanese government.
JOGMEC will continue promoting the social implementation of CCS projects, contributing to asustainable energy supply and a carbon-neutral society.
(Note 1) Former Minister Kajiyama announced the Asia Energy Transition Initiative (AETI)(URL)https://www.meti.go.jp/english/press/2021/0528_002.html(Note 2) Joint Announcement on Asia Zero Emission Community(AZEC) Concept(URL)https://www.mofa.go.jp/files/100420486.pdf

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■ Overview of workshop
1. Day 1

Speakers METI, JOGMEC, IETA, Mitsubishi Research Institute, Global CCS InstituteContents

Overall trends in the carbon markets, Introduction of IETA High-level Criteria for
crediting carbon geostorage, CCS credit schemes around the world, Landscape andpotential impact of Article 6 on CCS sector, Status of CCS in Joint Crediting
Mechanism (JCM), JOGMEC’s comprehensive activities for CCS deployment

Mr. SODA Takeshi

Dr. YAMAMOTO KojiDirector, Oil & Gas Division,

Vice President, Energy Business Unit

Agency for Natural Resources and Energy, METIJOGMECMr. Dirk Forrister

Ms. SHINCHI Kikuko

CEO, IETA

Research Director, Mitsubishi Research Institute

Ms. Noora Al Amer

Dr. SHIOMI Kensuke

Senior International Climate Change Policy Advisor,

Assistant Director, Global Environmental Affairs

Global CCS Institute

Office, Industrial Science and Technology Policy
and Environment Bureau, METI

2Ms. TAKANASHI Masumi (Day 1 Moderator)
Hydrogen and CCS Project Department, JOGMEC

2. Day 2

Speakers JOGMEC, Perspectives Climate Group, American Carbon Registry, Verra,
CCS+ Initiative, Northern Lights JV, South Pole
Contents

Current status of CCS methodologies development (ACR, Verra, CCS+ initiative),
Introduction of financial case of Northern Lights, Prospects for CCS in carbon
markets, Overview of carbon credits generating from CCS

Mr. Matthias Kray

Ms. Maris Densmore

Managing Director, Perspective Climate Group

Director of Industrial Solutions,
American Carbon Registry

Mr. Gerald Ouellette

Mr. Christiaan Gevers DeynootManager, Energy Innovation, Verra

Deputy Secretary General, CCS+ Initiative

3Ms. Elise Roc

Mr. Patrick Bürgi

Senior Business Development Advisor,

Co-Founder/ Managing Director Japan,Northern Lights JVSouth PoleDr. NISHIOKA Sakura (Day 2 Moderator)
Hydrogen and CCS Project Department, JOGMEC

Presentation materials and video clips will be posted at the following URL.
METI, JOGMEC, IETA Joint Workshop "Global Carbon Market and CCS : Towards ASEAN Decarbonization"(URL)https://www.jogmec.go.jp/english/event/event_k_10_00003.html■References
JOGMEC announces the publication of the first version of a recommended guideline for the implementationof carbon dioxide capture and storage projects. (May 30, 2022)(URL)https://www.jogmec.go.jp/english/news/release/news_10_00004.html
Implementation of CO2 Injection for CCUS in Indonesia (August 31, 2022)(URL)https://www.jogmec.go.jp/english/news/release/news_10_00008.html
Clean Future Energy(URL)https://mirai.jogmec.go.jp/en/

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