In a new report, Carbon Removal Canada tracks the CO2 removal progress made in the country to dateThe publication shows carbon removal technologies are still developing slowly, and will need an approximate $2.2 billion investment to stay on track with climate goalsThe three main CDR gaps identified in the report are capacity, funding, and an uneven policy landscape Carbon Removal Canada has published a new report that reflects on the carbon dioxide removal (CDR) progress made in the country so far.
Titled “Tracking the Tonnes 2026”, the publication takes stock of the CDR sector developments in Canada as the country works towards climate targets, keeping pace with other global regions in the pursuit for climate leadership.
Analyzing the current state of CDR, Carbon Removal Canada highlights that in order for the country to stay on track with climate ambitions, it will need two million tonnes of CO2 removal capacity by 2030.
Currently, the report finds, Canada has 16 operating projects across six provinces, with the capacity to remove 98,250 tonnes of CO2 a year, while another 38 projects are in the pipeline, representing nearly 12 million tonnes of annual capacity and an estimated $9 billion in investment.
According to the publication, closing this capacity gap would require an investment of about $2.2 billion,....
