“Exploring Financial Incentives for CCUS Development in Canada”
Carbon Capture, Utilization, and Storage (CCUS) technology has emerged as a crucial solution in the fight against climate change. By capturing carbon dioxide emissions from industrial processes and power generation, CCUS technology helps to reduce greenhouse gas emissions and mitigate their impact on the environment. In Canada, where industries like oil and gas production contribute significantly to the country’s emissions, the development of CCUS projects is of paramount importance. To encourage and support the growth of CCUS initiatives, various financial incentives and government initiatives have been put in place. This article aims to provide an overview of these incentives and explore their role in fostering CCUS development in Canada.
