Abstract

Carbon Capture, Utilization and Storage (CCUS) is the only group of technologies that is known to decrease the amount of CO_² in the Earth’s biosphere, leading some experts to hail it as the cure for climate change. A significant number of CCUS projects have been implemented across the world and are being considered by many governments and policymakers, including the province of Newfoundland and Labrador. However, some are rightly skeptical of its perceived role as a cure for climate change. Through analyses of different CCUS technologies, the province’s needs and resources, the risks associated with CCUS, and the economics and politics of CCUS in the province, we have concluded that Newfoundland and Labrador possess not just the capability of CCUS, but the potential of a major sequestration project. We highlight the need for more data to support simulations and modeling for more accurate assessment of specific CCUS implementation in Newfoundland and Labrador, as well as funding and incentives for emitters to participate in CCUS – in short, it is imperative that Newfoundland and Labrador steeply accelerate its planning, simulation, development, and implementation of CCUS.