Canada Opens Intake for Expressions of Interest on Carbon Storage and Transportation & More Trending News

 

HAMILTON, ON, Jan. 25, 2023 /CNW/ – Climate change is the best problem of our time, however it is usually our best financial alternative. We are  investing to make Canada a frontrunner in new applied sciences that can construct decrease emissions and battle local weather change whereas additionally creating good jobs and supporting a robust, aggressive and resilient financial system.

Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, opened the consumption for expressions of curiosity for carbon seize, utilization and storage (CCUS) analysis, growth and demonstration (RD&D) tasks and associated science actions centered on carbon storage and transportation. CCUS applied sciences assist stop gasses from heavy emitting industries from polluting the air. This leads to decrease emissions and extra good, sustainable jobs.

Funded underneath the Energy Innovation Program, RD&D tasks and associated science actions chosen by means of this consumption will assist develop everlasting geological storage of carbon and applied sciences that assist the protected and environment friendly transportation of CO2.

The consumption can be anticipated to assist planning and growth actions for CO2 storage and transportation hubs — addressing technical, scientific or social licence obstacles and producing data to assist the event of regulatory frameworks, codes and requirements.

The consumption for expressions of curiosity for storage and transportation RD&D tasks and associated science actions will stay open till April 17, 2023. Successful candidates will then be invited to submit a full undertaking proposal.

This represents the second consumption underneath the broader CCUS RD&D name for carbon seize RD&D tasks launched in July 2022. A 3rd consumption for utilization RD&D tasks is predicted to launch later this yr.

The International Energy Agency has been clear: carbon seize, utilization and storage is a vital emissions-reduction know-how that may be utilized throughout the vitality system. While know-how alone is just not an answer to local weather change, the Government of Canada is dedicated to accelerating the event of new applied sciences that can assist construct a clear vitality future whereas creating financial alternatives for Canadian staff and industries.

Through Budget 2021, the federal authorities is investing $319 million in analysis, growth and demonstrations to advance the industrial viability of CCUS applied sciences. These funds will assist companies, academia, non-profits, authorities and public laboratories. Additionally, by means of its 2030 Emission Reduction Plan and Budget 2022, the federal government reaffirmed its dedication to develop a carbon administration technique for Canada and proposed a refundable funding tax credit score valued at $2.6 billion over 5 years to incentivize the event and adoption of CCUS know-how to assist industries of their journey to net-zero emissions.

Quote

“Many of the technologies needed to reach our goal of net zero by 2050 are still in various stages of development, including decarbonization solutions such as CCUS. The Government of Canada is investing in innovative clean energy RD&D projects to help grow the economy, fight climate change and create good jobs for Canadian workers.”

The Honourable Jonathan Wilkinson
Minister of Natural Resources

Quick Facts

  • The first name in assist of CCUS innovation centered on front-end engineering and design (FEED) research for large-scale tasks. It resulted in 11 tasks being chosen for funding, representing a complete funding of as much as $50 million.
  • It is anticipated that 95 p.c of all captured CO2 will must be completely saved to attain net-zero emissions.
  • Increased use of CCUS options within the combine of each credible path to reaching internet zero by 2050, together with all 1.5°C pathways developed by the United Nations Intergovernmental Panel on Climate Change and the International Energy Agency.

Related Information

Follow us on Twitter: @NRCan (http://twitter.com/nrcan)

SOURCE Natural Resources Canada

For additional info: Natural Resources Canada, Media Relations, 343-292-6100, [email protected]; Keean Nembhard, Press Secretary, Office of the Minister of Natural Resources, 613-323-7892, [email protected]

Canada Opens Intake for Expressions of Interest on Carbon Storage and Transportation

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Canada Opens Intake for Expressions of Interest on Carbon Storage and Transportation

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Canada Opens Intake for Expressions of Interest on Carbon Storage and Transportation

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