Mitsubishi Chemical Corporation (MCC; Head office: Chiyoda-ku, Tokyo; President: Masayuki Waga) announces that it has joined the ETI-CGC (Energy Transition Initiative-Center for Global Commons), an initiative launched by the Center for Global Commons (CGC) at the University of Tokyo and Japanese companies.

In the ETI-CGC, MCC will advance discussions on Japan’s energy transition under the following five principles:

1.    We will safeguard the sustainability of our environment, the Global Commons. To this end, we will chart pathways to reduce Japan’s greenhouse gas emissions to net-zero by 2050.

2.    Capitalizing on findings and scientific insights across the world and in Japan, we will study pathways compatible with local circumstances in order to achieve carbon neutrality, while safeguarding well-being and wealth.

3.    With these pathways, we aim to become an international model case for countries with unique local circumstances and subsequently make contributions to the carbon neutrality of the entire world.

4.    We will consider the implementation of the pathways an opportunity to transform Japan’s industrial structure and economic/social system as well as our behavioral pattern towards the future. We will also discuss how we can take advantage of this opportunity.

5.    We will make policy proposals and take a leadership role in stimulating discussions on a broader basis.

MCC aims to achieve carbon neutrality by 2050, considering that the transition toward clean and competitive energy is critical to the chemical industry. Also, the company is accelerating the development and implementation of technologies for artificial photosynthesis and other CCU technologies, recognizing that the chemical industry can contribute toward achieving carbon neutrality for society as a whole.

Through participating in this initiative, MCC will contribute toward achieving carbon neutrality, while discussing energy transitions that are suitable for industries in Japan.