Significant reduction of CO2 emissions on a global scale may be achieved by reduction of energy intensity, by reduction of carbon intensity or by capture and storage of CO2. A portfolio of these methods is required to achieve the large reductions required; of which utilization of carbon sinks (i.e. material, geosphere and biosphere) will be an important player. Material sinks will probably only play a minor role as compared to biosphere and geosphere sinks in storage of CO2. Biosphere sinks are attractive because they can sequester CO2 from a diffuse source whereas geosphere sinks require a pure waste stream of CO2 (obtained by using expensive separation methods). On the other hand, environmental factors and storage time favor geosphere sinks. It is expected that a combination of the two will be used in order to meet emission reduction targets over the next 100 yr. A critical look is taken at capacities, retention/residence times, rates of uptake and relative cost of utilization of biosphere and geosphere sinks at three scales -global, national (Canada) and provincial (Alberta). Biosphere sinks considered are oceans, forests and soils. Geosphere sinks considered are enhanced oil recovery, coal beds, depleted oil and gas reservoirs and deep aquifers. The largest sinks are oceans and deep aquifers. The other biosphere and geosphere sinks have total capacities approximately of an order of lower magnitude. The sinks that will probably be used first are those that are economically viable such as enhanced oil-recovery, agriculture, forestry and possibly enhanced coalbed methane-recovery. The other sinks will be used when these options have been exhausted or are not available or a penalty (e.g. carbon tax) exists. Although the data tabulated for these sinks is only regarded as preliminary, it provides a starting point for assessment of the role of large sinks in meeting greenhouse gas emission reduction targets.