Canada unveils carbon management strategy
September 28, 2023
By Canadian Biomass staff
Canada has published its strategy for managing carbon in the path to a net-zero economy.
Jonathan Wilkinson, Canada’s minister of energy and natural resources, released the strategy at the International Energy Agency in Paris yesterday.
It outlines five key priority areas for the federal government to encourage a competitive carbon management industry:
- accelerating innovation and research, development and demonstration (RD&D);
- advancing predictable policies and regulations, including Canada’s economy-wide carbon pricing system;
- attracting investment and trade opportunities;
- scaling up projects and infrastructure to meet the evolving capacity needs of the carbon management sector; and
- building partnerships and growing inclusive workforces.
In a news release, Wilkinson called carbon management technologies an important part of how Canada can decarbonize its heavy industries.
“The International Energy Agency, the IPCC and other experts have been clear about the need for countries to rapidly develop and deploy carbon management technologies, and Canada is leading the way. Today’s release of Canada’s Carbon Management Strategy is an important step in the Government of Canada’s efforts to cement Canada as a global leader in the advancement of carbon management technologies,” he said.
Canada has an estimated 570 carbon management projects in operation or development, five of which are world-first large-scale projects, the release noted.
The strategy identifies five pathways for carbon management:
- Decarbonizing heavy industry;
- Low-carbon hydrogen production;
- Low-carbon dispatchable power;
- CO2-based industries; and
- Carbon removal
Find the full strategy here.
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