HOME >  News Releases >  2021 >  JOGMEC joins the CCS+ initiative: Contributing to the development of carbon accounting methodologies by CCS activities

JOGMEC joins the CCS+ initiative: Contributing to the development of carbon accounting methodologies by CCS activities

November 15, 2021

JOGMEC has joined the CCS+ initiative, which aims to establish standards for carbon accounting methodologies by carbon dioxide capture and storage (CCS) activities. JOGMEC will actively promote international cooperation in the field of CCS to contribute to the realization of a carbon-neutral society and stabilizing the supplies of natural resources and energy.
Japan Oil, Gas, and Metals National Corporation (JOGMEC) is pleased to participate in the CCS+ initiative, which aims to develop standards for carbon accounting methodologies by CCS activities.

The CCS+ initiative is an international multi-stakeholder platform established in April 2021 at the initiative of the international oil majors. The objective of the initiative is to develop a high-quality integrated methodological framework for generating carbon credits and meeting regulatory obligations from the full suite of CCS activities, which include establishing CO2 emission calculation methods, determining boundary conditions, and developing monitoring methods for each phase of CO2 capture, transport, and storage.

JOGMEC, as a public entity, will contribute to the development of internationally harmonized methodologies for CCS projects by utilizing its expertise in subsurface evaluation technologies, such as CO2 storage capacity evaluation, and facility technologies, such as greenhouse gas emissions calculation methods.

JOGMEC will contribute to a stable supply of natural resources and energy and the realization of a carbon-neutral society by strengthening and promoting international cooperation for deployment of CCS.


CCS+ initiative website
CCS+ initiative website

About the CCS+ initiative

The CCS+ initiative is a multi-stakeholder platform established in April 2021 that aims to generate carbon credits from CCS (including DACCS, which captures and stores CO2 directly from the atmosphere, and BECCS, which combines bioenergy and CCS) projects in voluntary carbon markets and develop a methodological framework harmonized with national regulations and institutions. Members include TotalEnergies, Equinor, BP, INPEX, the Mitsubishi Corporation, the International Emission Trading Association (IETA), the Oil and Gas Climate Initiative (OGCI), and several others.

References

The inquiry about this page.

Global Coordination Team, CCS Group

Tel +81-3-6758-8671

Public Relations Division

Tel +81-3-6758-8106

Fax +81-3-6758-8008

Japan Oil, Gas and Metals National Corporation
(JCN 4010405009573)

Toranomon Twin Building 2-10-1 Toranomon, Minato-ku, Tokyo 105-0001, JAPAN
TEL : +81-3-6758-8000

Copyright© Japan Oil, Gas and Metals National Corporation All Rights Reserved.