Projects aim to advance carbon capture, storage efforts and reduce emissions
EDMONTON—The Climate Change and Emissions Management Corporation has announced plans to fund 13 new clean technology projects led by small- and medium-sized enterprises (SMEs).
According to CCEMC, the projects aim to advance carbon capture and storage efforts, enhance energy efficiency and reduce emissions from fossil fuels.
Combined, the projects are valued at more than $34-million, with CCEMC investing more than $6-million across all projects.
“Great ideas can come from anywhere,” CCEMC Chair Eric Newell said in a statement. “(SMEs) are incredible sources of creative ideas that will reduce greenhouse gas emissions and demonstrate that clean technology is an increasingly important element of our economy.”
According to the Canadian Clean Technology Industry Report, clean technology is now employing more than 52,000 people across Canada and generating more than $10-billion in revenues.
“Investing in technology is critical to reducing emissions and a key theme of Alberta’s Climate Change Strategy,” Alberta Minister of Environment and Sustainable Resource Development Diana McQueen said. “I’m pleased that the clean energy fund has become a viable mechanism for Alberta businesses to pioneer technology that will help us achieve our climate change targets.”
Three carbon capture projects are receiving funding:
Six energy efficiency projects are receiving funding:
Four projects to reduce emissions from fossil fuels are also receiving support:
The projects are at all stages of the innovation scale, according to CCEMC, from development to commercialization.
Combined, the organzation claims, the 13 projects reduce emissions by an estimated 676,000-tonnes over 10 years.