Background and Objectives for Establishment
How to improve the energy access, meanwhile, poses another major challenge, with approximately one billion people around the world still unable to achieve the benefits of electricity.
Given this situation, carbon recycling policies that see CO2 as a resource to be used and promote innovation in this field are coming to play an important role in Japan’s energy policies. Rather than seeing CO2 in a negative light as has been the case in recent years, it is also recognized that, in order to achieve the goal of carbon neutrality by 2050, further efforts will be needed that make active use of CO2 as a source of carbon.
Accordingly, the Carbon Recycling Fund Institute was established on August 30, 2019 under a private sector initiative with the aim of both addressing the global warming issue and improving the energy access throughout the world. The new institute will foster innovation in carbon recycling by public relations and sponsoring the research and development in the field.
Message
Message from Chairperson, Tsugio Mitsuoka
Reaching net zero emissions through a combination of thorough emissions reduction and CCUS (Carbon dioxide Capture, Utilization and Storage) is thought to offer a substantial solution to carbon neutrality. In this context where CO2 has been considered in a negative light, carbon recycling, which instead makes use of CO2 as a useful resource, is gaining increasing importance.
By its original definition, CO2 is a fundamental substance that is necessary for the preservation of the earth’s system. Living beings, including humans, would not be able to exist without CO2. Now is the time to humbly and earnestly learn from and aim for innovations that help us to live in symbiosis with nature.At the Carbon Recycling Fund Institute, as we approach carbon recycling within a wider, global perspective, our goal is to construct a “Sustainable Carbon Society” where carbon compounds containing CO2 are recycled using nature’s powers within a material recycling system involving all parts of the earth, including the atmosphere, land and sea.
Together with our members, we will generate concrete regional projects and engage in further international collaboration as we deepen cooperation with different countries and participating organizations.
Overview
Name: Carbon Recycling Fund Institute
Establishment date: August 30, 2019
Main office: 105-0003, 3rd floor, Daiichi Misu Building, 2-34-7 Nishi-Shinbashi, Minato-ku, Tokyo
TEL:+81-3-6432-0011
【board member】
Chairperson : Tsugio Mitsuoka (Chairman of the Board, IHI Corporation)
Vice-chairperson : Masayoshi Kitamura (Advisor, Electric Power Development Co., Ltd.)
Vice-chairperson : Noriyuki Mita (Vice President, Chief Sustainability Officer, Mitsubishi Chemical Group Corporation)
Senior Executive Director : Masamichi Hashiguchi
Director : Atsushi Hirano (Representative Director and Vice President, Idemitsu Kosan Co., Ltd.)
Auditor : Koji Takeda (Managing Executive Officer, President of Resources, Energy and Environment Business Area, IHI Corporation)
【Advisor】
Top adviser : Yoshimitsu Kobayashi (Chairman of the Board, Tokyo Electric Power Company Holdings, Inc.)
Advisor : Takeo Kikkawa (President, International University)
【Membership type】 (Annual membership fee)
Corporate membership : ¥ 200,000
Individual member : ¥ 10,000
Local government member : (-)
Academic member : (-)
【Business summary】
1. Research grant activities
A number of obstacles are blocking the practical viability of carbon recycling, including issues of cost, international competition, funding for fundamental research and others. Carbon Recycling Fund Institute offers grants and matching opportunities with members to researchers and startups who are taking on these challenges to create innovation.
2.Public relations activities
The institute provides the latest information on carbon recycling in Japan and elsewhere through a variety of media including our website, participates in international exhibitions, holds events, symposiums, and training sessions in collaboration with various media, and conducts other public relations activities, such as awareness-raising activities related to carbon recycling.
3. CO2 sink activities
We have engaged in considering the development of rules for CO2 sinks and activities to spread understanding of CO2 sinks by planting fast-growing trees with local communities and members.We have established a study group consisting of experts and companies who organize issues, collect necessary data, and explore business in the wood supply chain, blue carbon and biochar. We will make CO2 sink more accessible. By carrying out activities to spread understanding, we will support the creation of an environment in which companies can promote efforts to expand CO2 absorption sources.
4. Other activities
●Various domestic and international surveys
We conduct surveys to understand technological trends related to carbon recycling both domestically and internationally.
●Policy recommendations, etc.
We will make recommendations for creating international rules and national energy, environment, and technology development policies to promote CCUS, including carbon recycling.
●Social implementation working group
We are working to connect the carbon recycling value chain through the Social Implementation Working Group, which brings together local governments, local companies, and members to discuss carbon recycling in the region.
Organizational structure
Member benefits
- You can participate in research grant activities carried out by our corporation.
- You can participate in public relations activities such as symposiums held by our corporation, and you can publicize your company’s activities.
- You can participate in various research activities conducted by our corporation.
- Get the latest information on carbon recycling.
- You can exchange information with member companies.
Carbon recycling fund logo design
The sky and sea are expressed by using a deep blue color.
The benzene ring is expressed by making the overall shape a “regular hexagon.”
By combining the “C” of Carbon and the “R” of Recycling, we express “carbon circulation.”
*Trademark registration No. 6352536
