Alberta launches industrial emissions reduction challenge
SUMMARY
Province announces new emissions reduction programme at COP27.
By Dale LunanPOSTED IN:
The government of Alberta will provide C$50mn (US$37.6mn) in funding to help reduce industrial greenhouse gas emissions, it said November 14 at the COP27 conference in Egypt.
Managed by Emissions Reduction Alberta (ERA), and with funding from the province’s Technology Innovation and Emissions Reduction (TIER) fund, the Industrial Transformation Challenge is calling for proposals to reduce emissions in both new and existing industries, including petrochemical, agricultural, forest products, manufacturing and energy.
Applicants may receive up to C$10mn/project, with a minimum request of C$250,000.
“Significant investment is needed for game-changing technologies that improve the environmental and economic performance of Alberta’s industrial facilities,” environment and protected areas minister Sonya Savage said. “The Industrial Transformation Challenge is the latest TIER-funded programme that will help accelerate the development and commercialisation of promising clean technologies that set our job creators up for success in a lower-emissions future.”
The TIER fund, which collects carbon levies from large industrial emitters in the province, has provided more than C$1bn in programmes and technologies that drive emissions reductions. ERA has committed C$821mn of this funding towards 231 projects worth about C$6.5bn that together are expected to cut emissions by more than 40mn metric tons by 2030.
The deadline to apply for funding under the Industrial Transformation Challenge is January 19, 2023.
