Canada CCUS requires CO₂ cost certainty

Administration is looking to embed further policy support to help development of the industry

Greater policy certainty is required for the carbon capture, utilisation and storage (CCUS) industry to start taking FIDs on projects in Canada, according to industry experts. A report by thinktank the Global CCS Institute in 2020 found that no CCUS projects were under development in Canada. But by last year, at least 20 new CCUS developments had been announced in the country, accounting for nearly 10pc of new projects globally, according to Rachael Moore, a CCUS energy analyst at the IEA. “CCUS momentum has surged globally as countries and companies set net-zero emissions targets and define decarbonisation pathways,” Moore tells Transition Economist. “In recognition of the important role CC