The EOI goals to advance the nation’s standing as a frontrunner in new applied sciences to strengthen its financial system and battle local weather change by decreasing emissions in hard-to-abate sectors of heavy trade akin to metal and cement. 

With purposes now open till 3^rd October 2022, carbon seize RD&D initiatives chosen by way of the decision might be funded beneath the Vitality Innovation Program to ultimately be built-in with carbon-intensive trade. 

Having emphasised the significance of CCUS as an emissions-reduction expertise, the Worldwide Vitality Company (IEA) sees carbon seize as an important step in direction of reaching web zero targets. 

“Most of the applied sciences wanted to achieve our purpose of web zero by 2050 are nonetheless in varied levels of improvement, together with decarbonisation options akin to CCUS,” commented Jonathan Wilkinson, Minister of Pure Sources. 

“The Authorities of Canada is investing in progressive clear power RD&D initiatives to assist develop the financial system, battle local weather change and create good jobs for Canadian employees.” 

These investments embody the federal authorities’s Price range 2021, which sees $319m injected into RD&D to advance the industrial viability of CCUS applied sciences. 

As well as, the federal government’s 2030 Emission Discount Plan and Price range 2022 proposed a refundable funding tax credit score price $2.6bn over the subsequent 5 years to incentivise the event and adoption of CCUS expertise.