CICE Invests $2M In Two Ocean-Based Carbon Dioxide Removal Projects

CICE Invests $2M In Two Ocean-Based Carbon Dioxide Removal Projects - Carbon Herald

The B.C. Centre for Innovation and Clean Energy (CICE) – a not-for-profit corporation that is leveraging British Columbia’s extensive coastline and ocean science expertise to advance ocean-based carbon dioxide removal (CDR), is investing $2 million (CA$2.76 million) in two new projects.

Through pilots and field trials Planetary Technologies and Coastal Carbon, which will receive the funding, will assess the effectiveness of ocean-based CDR and measure its impacts on marine environments and coastal communities, CICE said in a statement Friday.

Oceans are the world’s largest carbon sinks, capable of storing 50 times more carbon dioxide (CO2) than the atmosphere.

Enhancing this natural capacity requires innovative CDR methods and thorough research to ensure safety and efficacy.

Removing 10 gigatons of CO2 annually by 2050 is crucial, stated Sarah Goodman, CICE President and CEO, adding that ocean-based CDR holds immense potential, but its effects on coastal ecosystems must be meticulously studied.

CICE’s investments in early-stage innovation and leveraging British Columbia’s research expertise aim to develop safe, effective, and responsible carbon removal methods, she said.

The “Catalyzing Carbon Dioxide Removal at Scale” report, released in February 2024, supports CICE’s focus on ocean-based CDR.

Relevant: New Report Shows Pathways For Efficient Scaling Of Carbon Removal

Coastal Carbon, in partnership with Coastal First Nations Great Bear Initiative and Ocean Wise, is developing a remote seaweed biomass monitoring solution.

This project, funded with CA$856,000 from CICE, uses AI and satellite data to monitor seaweed, aiding in the restoration and expansion of seaweed carbon sequestration along British Columbia’s coastline.

“Effective, scalable, remote monitoring is key to enabling carbon financing for this restoration. CICE is helping us take the very first step in BC,” said Thomas Storwick, co-founder and CEO of Coastal Carbon.

Planetary Technologies is working with Metro Vancouver, Ocean Networks Canada, the University of British Columbia, and other stakeholders to conduct a small-scale ocean alkalinity enhancement trial in Burrard Inlet.

This project, supported by CICE with CA$1.9 million, will measure carbon removal and biological changes, aiming to enhance the ocean’s ability to absorb CO2.

Data from this trial will be shared with the public and other interested parties.

“If successful, we will restore our acidified ocean, draw down CO2 from the air, and create new jobs and opportunities in this emerging trillion-dollar industry,” said Planetary Technologies’ CEO, Mike Kelland.

Read more: New Study Questions Effectiveness Of Ocean-Based Carbon Removal Methods

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