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Carbon capture tax credit could cost taxpayers $1B more than expected, PBO warns

A controversial tax credit meant to help jump-start carbon capture projects could cost $1 billion more than the federal government estimated, says the independent parliamentary budget watchdog. In several federal budgets, Finance Canada forecast that the carbon capture, utilization and storage (CCUS) investment tax credit would cost $4.6 billion between 2022-28. The Parliamentary Budget Officer now estimates the CCUS investment tax credit will cost $5.7 billion.
IISD in the news February 1, 2024

Lessons Learned at COP 28

Two newcomers to climate negotiations reflect on their COP 28 experiences—surprises, insights, and what they'll look for at the next UNFCCC talks.
Insight January 31, 2024

Gender Equality and Social Inclusion

The SUNCASA project aims to reduce barriers to the participation of women and other underrepresented groups in the planning, implementation, and monitoring of urban Nature-based Solutions (NbS) in Dire Dawa (Ethiopia), Kigali (Rwanda), and Johannesburg (South Africa).
Initiatives January 30, 2024

Urban Nature-Based Solutions

SUNCASA’s watershed restoration and greening activities aim to enhance the resilience of African cities to the escalating challenges posed by climate impacts, particularly floods and droughts, and to strengthen biodiversity and ecological health to address land and water degradation.
Initiatives January 30, 2024

Johannesburg

In Johannesburg, South Africa, SUNCASA will support the revitalization of the Upper Jukskei River catchment, decreasing flooding, improving urban heat management, enhancing water security, supporting livelihoods, expanding green areas, and protecting biodiversity. Gender-responsive nature-based solutions (NbS) will benefit 1.045 million people and generate approximately 1,000 green jobs, primarily among disadvantaged groups.
Initiatives January 30, 2024

Kigali

In Kigali, Rwanda, SUNCASA will restore critical upstream micro-catchments in the lower Nyabarongo River watershed to reduce flood risk, landslides, and soil erosion. The project will address these risks through a combination of gender-responsive nature-based solutions (NbS), including afforestation, reforestation, agroforestry, and urban tree planting—ultimately enhancing the resilience of 975,000 people.
Initiatives January 30, 2024

Dire Dawa

In Dire Dawa, Ethiopia, SUNCASA will restore the Dechatu River catchment to address flood risk, erosion, and urban water stress. Over 200,000 people living in flood-prone areas will benefit from gender-responsive nature-based solutions (NbS), including afforestation, buffer zone establishment, agroforestry for runoff management and generating livelihoods, and urban tree planting to reduce flooding and heat impacts.
Initiatives January 30, 2024

Climate Adaptation and Protected Areas (CAPA) Initiative

The Climate Adaptation and Protected Areas (CAPA) Initiative is a 3-year project that aims to use nature-based solutions (NbS) to strengthen climate resilience and protect biodiversity in and around protected areas in the Kavango-Zambezi and Greater Virunga landscapes in sub-Saharan Africa, Belize, and Fiji.
Initiatives January 30, 2024