JOGMEC’s Approach toward Realization of Carbon Neutral Society

Abstract

With an increasing demand for de-carbonization in worldwide, the Japanese government has announced its goal towards carbon neutrality by 2050. To achieve this goal, an introduction of clean energy such as hydrogen and ammonia which emits no CO₂ when combusted is considered. The realization of a carbon neutral society should be achieved through a gradual transition to carbon neutral energy sources, while balancing the stable supply of energy at a reasonable cost. In course of this transition, fossil fuels still hold an important role. By acknowledging fossil fuels as a vehicle to carry hydrogen, fossil fuels can become a source to provide hydrogen/ammonia at a low cost, when combined with technologies that reduce CO₂ emission, for instance carbon capture and storage（CCS）. JOGMEC, with its expertise in subsurface technologies through the long-term involvement in the oil and gas exploration/production and with diverse relationships with resource producing countries, has its role and responsibility to respond to climate change and ensure the stable supply of energy through the necessary activities including the development of carbon reduced energy. This paper introduces the activities of JOGMEC toward realization of a carbon neutral society.