Footnote 1 Footnote 2Ĭarbon management technologies are deployed to help achieve Canada’s climate objectives, underpinned by the development of a world class, multi-billion-dollar carbon management sector in Canada that supports inclusive, high-value employment and a more sustainable economy.Ĭarbon management technologies are important tools in the broader climate toolbox that work with a range of other measures that reduce or remove emissions. According to the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA), there is no credible path to net-zero emissions without carbon management technologies, and their deployment must be rapid and immense, scaling up by nearly 200 times by 2050. This is a daunting challenge that requires a rapid transition to a net-zero emissions economy, but it offers enormous potential for a prosperous and cleaner future.Ĭarbon management-a range of approaches to capture carbon dioxide (CO 2) from point sources or the atmosphere to be reused or durably stored-is recognized as a critical piece of global climate action. When it endorsed the 2015 Paris Agreement, the global community agreed that the world must hold the increase in the global average temperature to well below 2 ☌ and pursue efforts to limit warming to 1.5 ☌ to avoid the most catastrophic impacts of climate change. ANNEX B: Enabling federal programs, policies, and regulations in Canada.ANNEX A: Roadmap to 2050 for carbon management in Canada. Consultations with partners, stakeholders, and engaged Canadians.
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