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Low carbon projects: Global hydrogen and CCS market insights
Low carbon projects, especially those involving hydrogen and carbon capture and storage (CCS), play a crucial role in the journey towards global decarbonization.
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Low carbon projects, especially those involving hydrogen and carbon capture and storage (CCS), play a crucial role in the journey towards global decarbonization.
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As a general remark, Indonesia has not, at the date of preparing this summary, issued any regulation on hydrogen production, distribution and trade. It is expected that the upcoming New and Renewable Energy Law will provide a legal framework for the exploitation and utilisation of various new energy sources, including hydrogen.
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The Japanese government passed the Hydrogen Society Promotion Act (the Hydrogen Act) on 17 May 2024, which implements a ‘twin-track’ approach to subsidising the hydrogen economy
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Indonesia has committed to achieving Net Zero Emissions by 2060, consistent with its obligations under the Paris Agreement. Carbon capture and storage (CCS) and carbon capture, utilisation and storage (CCUS) are central to this strategy, particularly in the upstream oil and gas sector. Leveraging an estimated 400 gigatons of geological storage capacity, Indonesia is positioning itself as a regional CCS hub in the Asia-Pacific.
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As the world embraces the ideals of sustainability and works towards reduced reliance on fossil fuel sources of energy and reduction in greenhouse gas emissions, Singapore has set out how it plans to cut emissions to meet its 2030 Nationally Determined Contribution climate targets – with carbon capture technology expected to be among the most effective measures.
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Singapore launched its National Hydrogen Strategy on 25 October 2022. The Singapore government believes that low-carbon hydrogen has the potential to be a major decarbonisation pathway to support Singapore’s accelerated transition towards net zero by 2050, while strengthening its energy security and resilience. It foresees low-carbon hydrogen playing an important role in:
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