Deploying carbon capture is a must to reach net-zero targets, across several industries and sector. This requires hundreds of large-scale projects to be established over the next 10-15 years. Due to often lacking business models, financing large-scale projects is challenging. This official side-event of the 2022 Asia Clean Energy Forum brings together governments, the finance sector and expert analysts to discuss how CCUS financing and investment can be accelerated.


  1. To explore what role different types of financial market players can play in deploying CCUS;
  2. To present the role of government policies in the wider Asia region, to help establish business cases;
  3. To discuss how governments and the finance sector can collaborate in the Asia region.


Time (Manila) Activities
08:00 - 08:05 p.m. Introduction to the event

  • CEM CCUS Initiative
08:05 - 08:20 p.m. Scene-setting Presentation: Market Potential of CCUS for this Decade and Beyond

  • Bloomberg NEF
8:20 - 8:50 p.m. Roundtable 1: Roles of Different Types of Finance-sector Players in Scaling up and Deploying CCUS in Asia

  • Why is your organisation investing or interested in CCUS?
  • What are the roles of different types of finance-sector organisations to accelerate CCUS?
  • What role do ESG considerations play?
  • How can finance-sector organisations collaborate to drive CCUS in Asia?


  • Yukimi Shimura, MUFG Bank
  • Lionel Martinez, ING Bank
  • Priyantha Wijayatunga, ADB
  • Ian Havercroft, GCCSI
  • Wong-Don Cho, Karbon Korea

Moderator: Tom Morley, UK BEIS

08:50 - 09:20 p.m. Roundtable 2: Governments as Drivers for CCUS in Asia

  • How are governments boosting the investment climate for CCUS?
  • How can governments increase their collaboration to accelerate CCUS?
  • How are countries advancing the exploration of CO2 storage options, including hubs and multi-user facilities?


  • Zhang Xian, ACCA21, MOST, China
  • Saleh Abdurrahman, MEMR, Indonesia
  • Benedict Chia, Singapore (tbc)
  • Takeshi Soda, METI, Japan

Moderator: Jocelyn Taylor, Industry Department, Australia

09:20 - 09:30 p.m. Closing Remarks

  • CEM CCUS Initiative


About the Organizer

The Clean Energy Ministerial CCUS Initiative:

Created in 2010, the Clean Energy Ministerial (CEM) is a global forum where major economies and forward leaning countries work together to share best practices and promote policies and programs that encourage and facilitate the transition to a global clean energy economy. CEM members account for approximately 75% of global greenhouse gas emissions and 90% of global clean energy investments.

The Carbon Capture, Utilisation, and Storage Initiative is one of over twenty work streams ensuring year-round work of the CEM. The twelve Member Countries of the CCUS Initiative are leaders in CCUS and have joined together to create a sustained platform for governments, the private sector, and the investment community to engage and accelerate CCUS deployment. The Initiative works to facilitate investment opportunities and to disseminate emerging CCUS policy, regulatory and investment best practices and novel ideas.