Ambition: Develop Carbon Capture Utilization and Storage (CCUS) as a viable industry and part of the solution mix for a low-carbon emissions economy, positioning Alberta as a leader.
Both the International Energy Agency (IEA) and Shell scenarios suggest that CCUS has to be part of the solution for a two-degree warming scenario – even with big assumptions on the deployment of renewables and energy storage. CCUS is like a critical technology if we aim to make use of Alberta’s hydrocarbon resources and related infrastructure in a low-carbon emissions future. It also has a powerful narrative for depolarizing the energy and environment debates i.e. helps illustrate the “both and” potential in contrast to the “either or” framing of hydrocarbons versus renewables.
Developing and deploying CCUS will help position Alberta for a low-carbon emissions economy. Alberta has important competitive advantages for CCUS development, such as deep aquifers and availability of subsurface data. Alberta already has the engineering and technology talent as well as a thriving entrepreneurial culture and an existing collaborative innovation ecosystem that includes multi-stakeholder platforms such as COSIA, EFL, CRIN, and more.
As a social innovation lab, the EFL will approach this highly technical subject from a social innovation perspective. We are looking at barriers such as regulatory uncertainty, policy innovation, funding challenges, public acceptance, job creation, and in general, explore how to increase momentum and political will.
This is a fairly new initiative at the EFL. In collaboration with Alberta Clean Technology Industry Alliance, Capital Power, and CMC Research Institutes, the EFL will bring together CCUS innovators and stakeholders with EFL Fellows and Partners to explore the social factors influencing the uptake of CCUS, and to generate ideas for solutions to be advanced collaboratively at a future EFL Accelerator. Learn more about the CCUS Workshop here.