Monkman named as Canada’s Mission Innovation Champion

The announcement was made at the 4^th annual Mission Innovation Summit (MI4) and 10^th annual Clean Energy Ministerial (CEM10) summit hosted by Canada in Vancouver.

Mission Innovation, a global initiative involving 22 countries and the European Commission, has identified carbon capture utilisation and storage (CCUS) as one of eight innovation challenges that are key to achieving emissions reductions.

Mission Innovation Champions were selected from member countries to celebrate individuals with a track record of progressing creative new ideas that drive the clean energy revolution.

Among the Mission Innovation community, Canada has been recognised as a leading developer and promoter of CCUS solutions.

Monkman will represent Canada’s innovation potential and share lessons on developing CCU climate solutions in partnership with government and industry.

Monkman will particularly look at new enabling programmes and policies created in Alberta and Hawaii demonstrating pathways to immediately scale CCU solutions while improving local industry competitiveness.

According to the Global CO₂ Initiative, carbon capture and utilisations (CCU) in concrete is estimated to create a $400bn market opportunity with three gigatons of CO₂ reduction by 2030, pending the implementation of targeted policies.