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Carbon Removal Canada Reflects On The Country’s CO2 Removal Progress So Far

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Carbon Removal Canada Reflects On The Country’s CO2 Removal Progress So Far

Carbon Removal Canada has published a new report that reflects on the carbon dioxide removal (CDR) progress made in the country so far. 

Titled “Tracking the Tonnes 2026”, the publication takes stock of the CDR sector developments in Canada as the country works towards climate targets, keeping pace with other global regions in the pursuit for climate leadership. 

Analyzing the current state of CDR, Carbon Removal Canada highlights that in order for the country to stay on track with climate ambitions, it will need two million tonnes of CO2 removal capacity by 2030. 

Currently, the report finds, Canada has 16 operating projects across six provinces, with the capacity to remove 98,250 tonnes of CO2 a year, while another 38 projects are in the pipeline, representing nearly 12 million tonnes of annual capacity and an estimated $9 billion in investment.

According to the publication, closing this capacity gap would require an investment of about $2.2 billion, which is less than half a per cent of the $500 billion already committed to critical sectors by Canadian financial institutions. 

In a letter included in the report, Carbon Removal Canada Co-Founder & Executive Director Na’im Merchant points out that the country is currently experiencing high levels of interest by investors, attracting support from both domestic and global investors, who are backing infrastructure, energy and resource projects.

Amid this momentum, Merchant notes the carbon removal sector in Canada is making too little progress on policy and investments, risking falling behind in these domains.

Relevant: Canada Opens Door To International Carbon Markets In Push To Build Carbon Removal Industry


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