Countries across the globe have agreed to limit the global temperature increase from pre-industrial levels to below two degrees Celsius. This requires extensive reductions in global greenhouse gas emissions. Carbon capture and storage (CCS) is one of several decarbonization pathways that have been studied. Find out more about the significant and essential role that CCS could play in deep decarbonization.
Carbon Capture and Deep Decarbonization
Related Publications
Design Changes to the Investment Tax Credit for Carbon Capture, Utilization and Storage Submission to Department of Finance Canada
Publication
Oct. 7, 2022-
By Chris Severson-Baker
Pembina Institute submission to the Department of Finance Canada on the proposed design of its investment tax credit (ITC) for carbon capture, utilization and storage (CCUS) projects. Public investments in CCUS must be weighed against other opportunities to drive emissions reductions in Canada on a tonne (of carbon dioxide equivalent not emitted) per dollar invested basis. As such, we support the current level of the investment tax credit (ITC) for carbon capture, but not increasing it.
Comparing Canadian and American Financial Incentives for CCUS in the Oil Sector
Publication
March 15, 2023-
By Janetta McKenzie, Scott MacDougall
This report by the Canadian Climate Institute and the Pembina Institute shows Canadian oilsands don’t need more public support for carbon, capture, utilization, and storage technology to remain competitive with the U.S. oil sector. When all the regulations and incentives offered by Canadian governments are added together, they amount to more than those offered in the U.S. under the Inflation Reduction Act.
Nature-based climate solutions With well-designed protocols, Canada’s natural assets could provide significant carbon offsets
Publication
April 27, 2021-
By Morrigan Simpson-Marran, Jan Gorski, Nina Lothian
Direct emissions reductions are the most effective way to safely limit warming, but carbon offsets through nature-based solutions have a role to play — if they are done right. Nature-based offsets can mobilize private capital to reduce emissions effectively in the short term, while we seek feasible solutions for emission sources that are currently difficult to abate.