Looking Ahead
Achieving Alberta’s emission reduction targets is a long-term undertaking that will take dedication and significant human and financial resources. The CCEMC has developed a vision that positively positions the CCEMC as a powerful and productive enterprise known worldwide for progressive climate change technology and leadership that enhances Alberta’s performance and reputation.
A Future Of Bright Ideas
Cleaner Energy Production and Carbon Capture
Call for Expression of Interest
On May 1, 2011, the CCEMC made $60 million in funding available for cleaner energy production and innovative carbon capture projects. Qualified projects will provide opportunities to transform the way we extract, produce and use energy from more traditional energy sources like coal, oil, gas and oil sands and improve carbon capture methods.
For the foreseeable future, fossil fuels are going to continue to play a major role in addressing global energy demand, even as we transition to other energy sources. By providing funding to support cleaner energy and carbon capture projects, the CCEMC is helping to reduce emissions while helping Alberta strengthen a growing lower-carbon economy. Alberta invests more in climate related technology funds than any other province in Canada, but the results are seen worldwide.
Small and Medium-sized Enterprises Call for Expression of Interest
On July 15, 2011, the CCEMC announced $10 million in funding available to support small and medium sized businesses that are in the early stages of developing new clean technology. Eligible projects include proof-of-concept, research and development and small pilot scale initiatives. The CCEMC knows that small and medium sized businesses are historically very strong innovators. With this Expression of Interest (EOI), the CCEMC is inviting these innovators to give their very best ideas to help reduce greenhouse gas emissions in Alberta and support our transition to a lower carbon economy.
The CCEMC recognizes that small companies often find it difficult to access the capital required to advance their technologies. That’s why the CCEMC called this EOI for small and medium sized organizations with creative ideas to address greenhouse gas reductions.
The focus of this EOI is on product and market challenges that if resolved, could lead to significant greenhouse gas reductions. The maximum the CCEMC will contribute to projects responding to this EOI is 50 per cent of eligible project costs to a maximum of $500,000.