Certainly, clean technology and innovation through CCUS, biofuels, hydrogen and a range of other things are going to play increasingly important roles in reducing emissions as we move through this 30-year transition towards a net-zero future.
While a technology like CCUS is not a climate plan in and of itself, it is an important tool that can and should be used to help us reach our emissions reduction targets. That is something that the IPCC agrees with. In fact, in its April statement it said, “The deployment of CDR to counterbalance hard-to-abate residual emissions is unavoidable if net zero CO2 or GHG emissions are to be achieved.”
To promote innovation, NRCan funds programs like the energy innovation program and the emissions reduction fund that supported CCUS projects, many of which were located in Alberta. Also of note in the budget 2022 investments is the CCUS tax credit that supports the implementation of CCUS projects more generally.