A carbon capture project in British Columbia
Certainty key for Canada’s CCS industry
Project developers need clarity on long-term carbon pricing and streamlining of federal and provincial regulation, president and CEO of International CCS Knowledge Centre tells Carbon Economist
Canada has long been a leader in CCS and has the potential to remain so, with a large number of major projects nearing FID. The country has five of the world’s 30 commercial CCS developments, accounting for 15pc of global capacity. But the industry needs greater financial and regulatory certainty from government as well as incentives more on par with what is now offered in the US, James Millar, president and CEO of the Saskatchewan-based International CCS Knowledge Centre, tells Carbon Economist. The federal government is targeting a 40pc decline in Canada’s overall emissions from 2005 levels by 2030, which will require CCS capacity to more than triple based on the federal emissions reductio
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