According to The Nikkei Asia, the Japanese government will lead a public-private effort to develop technology recycling carbon dioxide into burnable fuel to reach net-zero greenhouse gas emissions by midcentury.
Working with 19 private-sector businesses, the Ministry of Economy, Trade and Industry will set up a council tasked with addressing the national goal as soon as this month. The body will form part of Japan's growth strategy to be completed later in June.
Members will share relevant technology for turning captured carbon dioxide into methane, a main component of heating gas. The council will also deliberate on rules governing carbon dioxide trading.
Participants of the carbon-recycling committee will include corporate heavyweights Tokyo Gas, Tokyo Electric Power Co. Holdings, Nippon Steel and JFE Steel. Trading conglomerate Mitsubishi Corp., auto parts supplier Denso, marine shipper Nippon Yusen and the state-backed Development Bank of Japan will partake as well.
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