In its Net Zero by 2050 report released May 2021, the International Energy Agency states that almost 50% of CO2 emissions reductions required to create a net zero economy by 2050 will come from technologies currently at the prototype or demonstration stage, with this share being much higher for heavy industry. In Canada, heavy industry accounted for 77 meagtonnes (Mt)of CO2 equivalent (eq) in 2019, representing 11% of Canada’s total emissions. Funding solutions to reduce emissions in this sector is critical to address hard-to-abate segments of industrial emissions and create pathways for the use of cleaner fuels.
As part of the Government’s efforts to accelerate the development of technologies that can decarbonize industry, this call for proposals under the Energy Innovation Program will target industrial fuel switching and production of clean fuels for use in hard-to-abate sectors, focusing specifically on three technology areas. NRCan will be making available up to $50 M for focus areas 1 and 2 combined, and up to $3 M for focus area 3.