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canada-calls-for-increased-carbon-capture-investments
canada-calls-for-increased-carbon-capture-investments

Canada calls for increased carbon capture investments

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The Government of Canada has announced an $81.5 million call for expressions of interest (EOI) to support research & development and demonstration (RD&D) projects in carbon capture, utilisation, and storage (CCUS).

The EOI aims to advance the country’s status as a leader in new technologies to strengthen its economy and fight climate change by reducing emissions in hard-to-abate sectors of heavy industry such as steel and cement. 

With applications now open until 3rd October 2022, carbon capture RD&D projects selected through the call will be funded under the Energy Innovation Program to eventually be integrated with carbon-intensive industry. 

Having emphasised the importance of CCUS as an emissions-reduction technology, the International Energy Agency (IEA) sees carbon capture as an essential step towards reaching net zero targets. 

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