IEA calls on feds to provide more support to accelerate carbon capture, clean hydrogen
The International Energy Agency (IEA) recently completed a policy…
January 14, 2022 By Ellen Cools
The International Energy Agency (IEA) recently completed a policy review of Canada’s energy policies.
The IEA last did a review of Canada’s policies in 2015. Since then, governments in Canada have introduced multiple policies including a carbon tax, clean fuels standard, commitment to phase out unabated coal-fired electricity by 2030, measure to decarbonize the transportation sector, etc.
The IEA found that Canada’s oil and gas production emissions intensity has declined, but still accounts for around 25 per cent of the country’s greenhouse gas (GHG) emissions. The IEA recommends that Canada implement strong action to curb methane emissions and improve the rate of energy technology innovation to further decarbonize the oil and gas, transportation and industry sectors.
The IEA also called on the federal government to provide more support for research, development and demonstration in several fields including carbon capture, utilization and storage, and clean hydrogen.
“Canada has shown impressive leadership, both at home and abroad, on clean and equitable energy transitions,” said Fatih Birol, IEA executive director, in a statement. “Canada’s wealth of clean electricity and its innovative spirit can help drive a secure and affordable transformation of its energy system and help realize its ambitious goals. Equally important, Canada’s efforts to reduce emissions — of both carbon dioxide and methane — from its oil and gas production can help ensure its continued place as a reliable supplier of energy to the world.”
Read the full IEA report here.
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