CO2 Management > CCUS > Canada’s $14.6 billion CCUS and clean tech legislation doesn’t close gap with US IRA -experts

Canada’s $14.6 billion CCUS and clean tech legislation doesn’t close gap with US IRA -experts

Published 22:26 on November 20, 2023 / Last updated at 22:26 on November 20, 2023 / / Americas (US & Canada), CO2 Management (CCUS, Engineered Removals), Net Zero Transition (Industrial Decarbonisation, Power/Electrification)

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Both a proponent and an opponent of carbon capture utilisation and sequestration (CCUS) agree that the US Inflation Reduction Act (IRA) will out-incetivise funding for Canadian technology, despite the expected C$20 billion ($14.6 bln) legislation on Tuesday enshrining a CCUS tax credit first announced in 2021.
Both a proponent and an opponent of carbon capture utilisation and sequestration (CCUS) agree that the US Inflation Reduction Act (IRA) will out-incetivise funding for Canadian technology, despite the expected C$20 billion ($14.6 bln) legislation on Tuesday enshrining a CCUS tax credit first announced in 2021.


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