Cabinet approves bill including business license system for commercialization of “CCS”. "CCS" is a technology that separates and captures carbon dioxide emitted from factories and stores it deep underground.
The government says its introduction is essential to realizing a decarbonized society, and aims to put it into practical use in 2030.. Businesses that receive permission will be given prospective drilling rights to check if the geological formations are suitable for storing carbon dioxide, and storage rights to actually store carbon dioxide.