Question Period Notes
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The development and deployment of Carbon Capture, Utilization and Storage (CCUS) technologies is a key component of the suite of measures needed to meet our GHG emission reduction targets and enable clean economic growth. Canada’s Strengthened Climate Plan announced the development of a CCUS strategy and called for the exploration of other opportunities to keep Canada competitive in this growing industry.
The International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC) recognize CCUS as having an integral role in achieving our global energy and climate objectives – with CCUS expected to account for at least 12% of the global GHG reductions needed to achieve net zero by 2050. The IEA also finds that achieving climate goals hinges on dramatically scaling up and accelerating RD&D and innovation in CCUS technologies.