Canada has announced details of a clean energy fund with a value of $860 milion. The fund has earmarked two thirds of its proceeds for the development of carbon capture and storage projects. Canada like Australia has a large exposure to the coal industry. Unlike Australia it has a large oil sands industry that is a high emitter of greenhouse gases.
Carbon capture is catching the imagination of many governments as a practical solution to immediate energy needs and the requirement to reduce carbon emissions. In most developed countries coal is adundant and if not, it can be sourced abundantly. In the last month the US, the UK, Australia and now Canada have announced programmes to invest in carbon capture technologies.
For more information on carbon capture technology and developments in that industry go to www.carboncapturejournal.com .
