Cheatsheet: Vancouver’s role in B.C.’s carbon management
A new report details the pathways for carbon capture, removal, storage, and utilization technologies in the province.
By 2030, about 28 percent of the province's carbon emissions could be locked up by technologies that capture, remove, store, or re-use greenhouse gasses. Doing so could create a provincial market of $1.8 billion per year, according to a new report from the Centre for Innovation and Clean Energy (CICE) and Deloitte Canada.
The province's traditional industries such as energy, manufacturing, and forestry produce large amounts of greenhouse gasses. Transforming these emissions through carbon management technologies, the document says, can help capitalize on this climate and economic opportunity.
While this isn’t a free pass for industries to continue business as usual when emitting CO2, Metro Vancouver has a key role to play in exercising leadership in carbon management. The region has a strong climatetech sector that can advance carbon removal, as well as the potential for geological carbon storage. Here’s what you need to know.
Go deeper: The Index: 11 climatetech leaders shaping B.C. for the better
Carbon management, explained
Carbon management is defined as a suite of solutions that have the potential to avoid or remove CO2 emissions. CICE splits this into three categories, with varying levels of technological readiness.