Could Canada’s carbon capture ambitions catch a chill from Iceland’s struggling Mammoth project?

Direct air capture project near Reykjavik is falling short of expectations a year after its launch.

The pilot project pulled just 105 tonnes of CO2 from the air in its first 12 months of operation.

The slow start at Mammoth has sparked discussion in clean energy circles over the wisdom of investing hundreds of millions of dollars in similar CO2 removal projects in Canada .

Carbon Removal Canada says a full-scale DAC industry could create 300,000 jobs and add $143 billion to Canada 's GDP by 2050 .

The global DAC market could exceed US $1 trillion by 2050 , according to projections from the UN Intergovernmental Panel on Climate Change and McKinsey & Company .

Canada 's underground geology can store about 678 gigatonnes of CO2 — nearly equal to Canada ’s entire emissions in 2023 .

Canadian DAC Olympics’ Deep Sky Alpha, being built in Innisfail , AB, will play a central role in growing small-scale pilots to mid-size demonstrators.

Start-ups such as ReCarbn , Carbyon , Carbon Atlantis , and Skyrenu are already queuing up for construction and commissioning.

The federal government’s carbon removal strategy envisions deploying a range of technologies that will spur the development of a “multi-billion-dollar carbon management sector”.