A new report by the International Energy Agency states that to achieve the climate goals the federal government has committed to, Canada would need to double or triple the electrical power generated from non-GHG-emitting energy sources. However, let’s not forget about the role that can be played by carbon capture, utilization, and storage (CCUS) technologies.
If we want to balance the need to protect the environment by reducing emissions with the importance of energy to the Canadian economy and to the standard of living of Canadian families, we need to embrace these technologies. Indeed, CCUS is needed in all sectors, including electricity generation, if Canada’s targets are going to be met.
In a bid to help further develop and deploy these technologies, the federal government should consider how to create incentives for entrepreneurs to do what they do best: innovate.