Alberta’s Emissions Reduction and Energy Development Plan sets the province’s course for cutting emissions, supporting jobs and strengthening the economy. As part of this plan, Alberta’s government is supporting clean technology and innovation to help reduce global emissions.
Through Emissions Reduction Alberta’s Industrial Transformation Challenge, Alberta will support 14 new projects using the Technology Innovation and Emissions Reduction (TIER) fund. If all funded projects are successfully deployed, they will reduce a combined 700,000 tonnes of emissions by 2030 and create about 1,700 new jobs.
“This investment of over $60 million into 14 projects will reduce emissions and create almost 2,000 new jobs. When it comes to protecting the environment and growing the economy, Alberta leads the way through action, not talk.”
The TIER program helps industrial facilities, which account for more than half of Alberta’s total emissions, find innovative ways to reduce emissions and invest in clean technology to save money and stay competitive. This funding will support innovation across a wide range of industrial sectors including heavy freight, agriculture, forestry, manufacturing and energy.
The investment will help facilities with projects at various stages of development advance technologies to the next level. All 14 projects involve piloting, demonstration or deployment of technology within Alberta, which will help ensure Alberta is on the forefront of emerging technologies.
“This investment will help several of our industries demonstrate transformative technologies to get them to market faster. Funding innovation like this will continue to position Alberta at the forefront of clean tech innovation and as an industrial leader.”
“We value the Alberta government's support through TIER, bitumen beyond combustion and Emissions Reduction Alberta programs. Together we can turn Alberta’s bitumen resources into feedstock for manufacturing the next generation of energy storage devices and achieve another made-in-Alberta success.”
“Emissions Reduction Alberta’s support for our carbon capture and storage project is an important example of how TIER funding is helping scale emissions-reducing technology from design to deployment. The Government of Alberta is helping move us all closer to achieving shared emissions-reduction goals.”
“Government of Alberta funding through Emissions Reduction Alberta is critical to fulfilling our objective of addressing soil health to meet consumer demand for healthy, nutritional crops that are produced in a sustainable way. This project creates the opportunity to add value to Alberta’s agricultural sector, diversify our economy and directly impact global food security risks.”
Using Alberta’s bitumen to produce battery materials for electric vehicles, capturing carbon from natural gas-fired turbines used in oil sands facilities, and constructing a zero-waste, low-emissions fertilizer facility that improves soil health and creates agriculture jobs are some of the ways companies will use the funding.
- Emissions Reduction Alberta has committed $910 million to 260 projects worth more than $7.3 billion that are estimated to cut 40 million tonnes of emissions by 2030.