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Carbon Direct Releases New Industry Report Detailing Key Insights on Climate Policy, Science and Markets

April 16, 2025

BY Carbon Direct

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Canada invests $28.9M in clean energy innovation projects across the country

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By Natural Resources Canada

April 01, 2026

Policy & Regulation 

The federal government is investing $28.9 million through the Energy Innovation Program in 12 projects advancing carbon capture, renewable energy and smart grid innovation across Canada. The funding, announced by Natural Resources Minister Tim Hodgson, directs the largest share — $16.9 million — toward carbon capture, utilization and storage research and demonstration, with the remainder supporting renewable energy deployment and electricity grid modernization.

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Saipem and Capsol Technologies ASA have signed a cooperation agreement to jointly develop industrial-scale carbon capture projects using Hot Potassium Carbonate technology, building on their existing collaboration on a Stockholm Exergi bioenergy plant currently under construction.

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Lafarge France has signed a Front End Engineering Design (FEED) contract with Air Liquide for the eCapt‑Rhône du Teil project, marking a major step toward launching a CO₂ capture facility at the Le Teil cement plant. The installation is expected to begin operating in 2029 and will convert captured carbon into low‑carbon e‑methanol.

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Engineered carbon removal activity remained strong in Q4 2025, driven by biogenic technologies such as BECCS and biochar, which together accounted for 86% of quarterly volumes. Microsoft led major purchases, including record-breaking deals in both BECCS and mineralization. December dominated activity due to end‑of‑year procurement cycles. As the market enters 2026, buyers are expected to prioritize reliable, scalable pathways while selectively expanding into emerging CDR technologies.

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Nigeria issued its first industrial‑scale carbon‑removal credits through Releaf Earth, marking the country’s entry into the global carbon‑removal market. The 190 tonnes of biochar‑based credits were purchased by companies including Salesforce. Officials see carbon markets as a major economic opportunity as Nigeria works to diversify beyond oil.

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