- Natural Resources & Energy
Development of Green Transformation (GX) Regulations in Japan ― Introduction of Japan’s Emissions Trading System
In 2024, Japan made significant progress toward the establishment of a fundamental regulatory framework to promote the carbon dioxide capture and storage (CCS) industry and the hydrogen and ammonia industry. In May 2024, the Japanese Diet (parliament) passed two pieces of legislation: the Carbon Dioxide Storage Business Act (‘CCS Business Act’) and the Act on Promoting the Supply and Utilisation of Low-Carbon Hydrogen, Etc, for a Smooth Transition to a Decarbonised Growth Economic Structure (‘Hydrogen Society Promotion Act’). The CCS Business Act is principally a domestic law, and governs the conduct of CCS activities within the territory of Japan; it covers exploration and prospecting for reservoirs, storing CO2 in reservoirs, and pipeline transport of CO2 for storage of CO2 in reservoirs...To read the full article, please see the PDF file
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Hiroyasu Konno specializes in the energy and natural resources sector, mainly in the upstream and middle-stream sectors, such as projects and transactions regarding LNG, biomass fuels, coal, rare metals, copper ore, petroleum, and other minerals in the world, as well as the down-stream sectors such as transactions regarding electricity and gas in Japan. He has a breadth of knowledge about industrial practices and policy trends, through his experience working as a secondee, or temporary worker, at Nippon Oil (currently ENEOS), JOGMEC (Japan Oil, Gas and Metals National Corporation (currently Japan Organization for Metals and Energy Security)),and JERA, in addition to an energy and natural resources team in a foreign law firm, as well as experience from being a committee member of relevant governmental panels. He always endeavors to provide clients with legal services with additional value, including managerial perspectives. He handles all kinds of legal issues related to the energy and natural resources sector, by closely working together with N&A’s experts in each sector. He also actively works on legal issues with regard to “carbon”, such as CCS (Carbon Capture and Storage), transactions of carbon credits, and others.