ICO2N and Governments
ICO2N consults with and shares information with many levels of government in Canada, to encourage the development of the appropriate fiscal and regulatory frameworks that will be necessary for timely development of Carbon Capture and Storage (CCS) in Canada. In addition, in the early stages of CCS development and deployment, a partnership between governments and industry is required to ensure the necessary development capital is available.
ICO2N continues to work with governments on the mechanisms required for closing the financial gap and reducing investment risk for CCS. Without the appropriate financial information and technical insight, two items at the foundation of ICO2N’s work, the regulatory policies to support initial capital investments needed for capture, transport and storage could be delayed significantly.
Through policy development work, CCS technical studies and input on the formation of CCS regulations, ICO2N provides industry’s perspective on how CCS can best be implemented efficiently during the next decade.