The B.C. Centre for Innovation and Clean Energy (CICE) has launched the Call for Carbon Dioxide Removal Innovation, a new initiative offering $3 million in non-dilutive investment to Canadian innovators developing early-stage carbon dioxide removal (CDR) technologies.
The announcement was made at Carbon Removal Canada’s (CRC) Carbon Removal Day 2025 in Ottawa, highlighting Canada’s role in the global effort to scale CDR solutions. The funding will support hard-tech innovations that help reduce greenhouse gas (GHG) emissions while driving economic growth and job creation.
“At CICE, we back bold ideas that turn the global carbon challenge into economic opportunity,” said Sarah Goodman, President & CEO of CICE. “As a nation of problem-solvers, Canada has the talent and the technology to take a leadership position in the growing global carbon removal industry.”
CICE has already invested $15 million into 18 carbon management projects valued at $78 million. This latest call aims to accelerate momentum by advancing emerging CDR solutions.
The urgency of carbon removal is highlighted by the Intergovernmental Panel on Climate Change (IPCC), which estimates that 10 gigatonnes of carbon dioxide must be removed annually by 2050. Canada, with its vast natural resources and strong innovation ecosystem, is well positioned to lead, particularly in British Columbia, where cleantech, mining, and forestry industries can drive new advancements.
The call is open to Canadian climate tech companies developing CDR solutions, with priority given to B.C.-based applicants. Eligible technologies include direct air capture and storage, mineralization, ocean alkalinity enhancement, and biomass carbon removal and storage.
Applications will be accepted until April 30, 2025, and interested innovators can join a Q&A webinar on March 11, 2025, at 10:00 am PT for more details.
CICE has invested $39 million into 59 projects worth over $195 million, reinforcing its commitment to advancing a low-carbon future and bringing clean energy investments into B.C. and Canada.