Asia-Pacific carbon trade receives a 'groundbreaking' boost

From Indonesia to Japan, billions of dollars worth of projects proliferate

20241204 Carbon capture facility in China

Carbon storage tanks are seen at a cement plant and carbon capture facility in Wuhu, Anhui province, China.  © Reuters

ISMI DAMAYANTI and SAYUMI TAKE, Nikkei staff writers

JAKARTA/TOKYO -- A group of energy majors operating in Asia-Pacific has announced guidelines expected to accelerate carbon capture and storage (CCS) projects and related trade across the region.

The Asia Natural Gas and Energy Association (ANGEA), in partnership with the Boston Consulting Group, on Wednesday in Tokyo issued recommendations for companies and countries to seal deals regarding CCS, which could become a technology for the region's net-zero ambitions.

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