Publication of Draft Interim Summary of CCS Regulatory Framework

The Ministry of Economy, Trade and Industry (“METI”)’s CCS (Carbon dioxide Capture and Storage) Long-term Roadmap Working Committee published its Final Report on the implementation of CCS in Japan in March 2023. This followed on the heels of the Japanese Cabinet’s approval of the “Basic Strategy for the Realization of GX” a month earlier, which stated that legislation and a regulatory framework should be developed as soon as possible. METI began its deliberations in September 2023, resulting in the publication of its “Interim Summary (Draft) of the CCS Regulatory Framework” on December 15, 2023.