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policy instrument
Low-carbon Fuel Procurement Program
Jurisdiction countryCanada
Instrument typeprocurement
Authoritygovernment
Scopecarbon removal only
Statusoperational
DetailAnnounced October 9, 2024 by Minister Anita Anand, President of the Treasury Board of Canada Secretariat and Minister of Transportation. Program aims to help meet net-zero targets and stimulate the carbon removal market. Represents one of the world's first formal commitments to purchasing permanent carbon removal. Launched at the 'Procuring with Purpose' report launch event in Ottawa.
Monetary note$10 million investment in carbon removal
Stated statusoperational
Merged duplicates[object Object], [object Object]
Pathway scopeall-cdr
Pathway noteaims to purchase 'permanent carbon removal' generally, stimulating the carbon removal market without naming specific pathways
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