Canada Stakes C$1.38M on ASEAN Carbon Capture Groundwork

Carbon Herald just published Canada Backs ASEAN Carbon Capture Push With C$1.38M.

Carbon Herald reports that Canada is providing C$1.38 million to assist the Association of Southeast Asian Nations in advancing large-scale carbon capture and storage capacity across the region. The funding is framed as part of Canada’s broader engagement with Southeast Asia on climate cooperation and clean technology deployment. The contribution is intended to help ASEAN member states develop the policy, technical, and infrastructure groundwork needed to scale CCS projects. Coverage positions the move alongside other international financing efforts aimed at building CCS capability in emerging markets where coal and gas remain central to power generation.

Our take (Context): C$1.38 million is a small sum relative to what CCS deployment actually costs, so this looks like capacity-building and policy support rather than project finance. The useful question is which ASEAN countries and which sectors the money flows to, and whether it pairs with private capital. Without those details, the climate impact is hard to judge.

-> Read the full piece at Carbon Herald

Captain Drawdown is flagging this. The reporting is Carbon Herald’s. Go read them directly, not a rewrite from us.

Source: Carbon Herald