Canada Just Created the First National CDR Procurement Program. The $7M Price Tag Isn't the Point.
While the US is busy cancelling DAC hub funding, Canada just quietly did something no national government has done before: it launched a dedicated procurement program for carbon dioxide removal credits. The program, structured as a Request for Standing Offer, commits at least CAD $10 million (~$7M USD) to purchasing CDR credits generated within Canada. Federal departments can buy credits from five eligible pathways: direct air capture with carbon storage (DACCS), bioenergy with CCS (BECCS), biochar, biomass carbon removal and storage (BiCRS), and enhanced mineralization. Each CDR stream gets its own competitive process, evaluated on technical merit and price, with contracts running through March 31, 2029. ...