en.Wedoany.com Reported - The Canadian government has invested CAD 1.38 million (approximately USD 973,000) to support the Association of Southeast Asian Nations (ASEAN) in building large-scale carbon capture infrastructure, aiming to assist the region in developing mechanisms for capturing, permanently storing, or utilizing industrial emissions.
ASEAN, which accounts for approximately 4.75% of global greenhouse gas emissions and has now expanded to 11 members, is increasingly viewing carbon capture, utilization, and storage (CCUS) as a key tool for achieving its decarbonization goals. As an early institutional adopter of CCUS technology, Canada's funding aims to bridge technological and financial gaps in the region. The funds are channeled directly through the ASEAN-Canada Trust Fund to the ASEAN Centre for Energy (ACE), an intergovernmental organization responsible for promoting regional energy security and renewable energy deployment.
Weldon Epp, Assistant Deputy Minister for Canada's Indo-Pacific affairs, stated that the funding framework is clearly directed at exploring cross-border CCUS cooperation and planning deployment opportunities. In addition to localized carbon storage, Canada has contributed an extra CAD 2 million (USD 1.4 million) to a multi-partner fund managed by the Asian Development Bank (ADB) to support the ASEAN Power Grid project. This grid initiative aims to fully interconnect member states' electricity networks. At the regional level, there is growing recognition that scaling up industrial carbon capture requires a highly integrated and resilient regional power grid. Regional leaders, including ASEAN Secretary-General Kao Kim Hourn, have confirmed that cooperation with Canada is intended to leverage its proven expertise in both traditional and clean energy value chains.
This initiative aligns with the climate targets set by individual ASEAN countries. For instance, Indonesia has developed a roadmap to operate at least 15 carbon capture and storage (CCS) and CCUS projects by 2030. By combining national goals with Canadian technical support, ASEAN aims to de-risk early-stage projects and attract more institutional capital to bridge the green investment gap.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
