Canada Unveils Direct Air Capture And Storage Offset Protocol

By Violet George
Carbon Herald
January 30, 2025
Category: Carbon, Climate & Bioenergy
Region: Canada

Canada is advancing its carbon removal strategy by developing a protocol for Direct Air Carbon Dioxide Capture and Geological Storage (DACCS).  This plan will establish a system for companies that extract CO2 directly from the atmosphere and permanently store it underground to generate federal offset credits. These credits will be tradable under Canada’s existing Greenhouse Gas Offset Credit System Regulations. This initiative aims to stimulate investment in the nascent field of direct air capture (DAC) technology, which is considered a critical tool for mitigating climate change.  The proposed protocol, released by Environment and Climate Change Canada, is subject to public review until March 28, 2025… By creating offset credits for DAC ventures, Canada is progressing toward its net-zero emissions target. The federal offset credit system will offer financial incentives, potentially making carbon removal a commercially viable industry.

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