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Podcast: Podcasts - Oxford Institute for Energy Studies
Episode: OIES Podcast – CCS regulatory frameworks in Canada
Description: David Ledesma discusses with Nnaziri Ihejirika the development of Carbon Capture, Usage and Storage (CCUS) in Canada and government regulation. To support the broad adoption of CCUS in Canada, the government has introduced two fiscal and regulatory levers – carbon pricing and an investment tax credit (ITC). Federal output-based pricing system (OBPS) for carbon, introduced in 2018, will see the cost of CO2 escalate from $65/tCO2e in 2023 to $170/tCO2e by 2030. On the other end of the carrot-stick dynamic, the ITC provides a rebate – approximately 20-30% – of project costs associated with CCUS implementation. Supporting this, the Pathways Alliance – consisting of the count...