14 / 18
Page 37
Notes:
conferenceseries
.com
Volume 8, Issue 9 (Suppl)
J Earth Sci Clim Change
ISSN: 2157-7617 JESCC, an open access journal
Climate Congress 2017
October 16-17, 2017
October 16-17, 2017 Dubai, UAE
3
rd
World Congress on
Climate Change and Global Warming
Optimizing ownership scenarios for commercializing carbon capture and storage in Japan
Akihiro Nakamura, Yanagi Kenichiro and Komatsu Eiji
Meiji University, Japan
T
his article is a part of our Japanese Government funded research project, which is to develop a comprehensive policy and
legal framework for commercializing Carbon Capture and Storage (CCS) in Japan. The Paris Agreement of 4 November
2016 for the first time brought all nations together to share the responsibility of combatting climate change and adapting to
its effects. There has been wide discussion about CCS considered as one of the significant approaches to greatly reduce CO2
from the global atmosphere. The Japanese government submitted Intended Nationally Determined Contributions (INDCs)
to the United Nations Framework Convention on Climate Change (UNFCCC) in 2015. Japan decided on the GHG reduction
target of 26% by 2030 below 2013 level. The government also targets an 80% reduction of GHG emissions by 2050 and has
acknowledged CCS can potentially contribute to reducing 7.1 billion tons of CO
2
by 2050, resulting in approximately 21% of
potential contribution to reducing CO
2
. Thus, the future CCS deployment associated with an appropriate legislative framework
will allow potential benefits and meet Japan’s climate policy goals. In this regard, this article offers a strategic framework
for optimizing different ownership systems for the future CCS deployment in Japan. Throughout this study, it proposes
three different scenarios in terms of developing CCS deployment in Japan, they are: Private ownership, private associated
with government/public ownership and government/public ownership for CCS. The degree of cost and risk sharing will be
differentiated, depending on the development stage and scenarios. Accessing relevant literature, we have proposed three
potential scenarios for addressing the best legal framework for the future CCS operation in Japan.
Biography
Akihiro Nakamura is a Research Fellow at the Centre for Environmental Law, Meiji University, Japan and Adjunct Researcher at University of Tasmania, Australia.
He has graduated with a PhD in Public Policy from the University of Tasmania and has also built considerable experience in these fields both in Australia and Japan.
His research expertise is in the field of policy instrument analysis in relation to climate change policy.
akihiro_nccs16@meiji.ac.jpAkihiro Nakamura et al., J Earth Sci Clim Change 2017, 8:9 (Suppl)
DOI: 10.4172/2157-7617-C1-033