EDMONTON, ALBERTA, Jun 04 (MARKET WIRE) —
The Climate Change and Emissions Management (CCEMC) Corporation approved
investing more than $71 million in 16 clean technology projects. The
projects address energy efficiency, renewable energy, greening energy
production and carbon capture and storage. Project proponents have been
advised and details around the projects will be announced when
arrangements are confirmed and proponents indicate that they are
“This is an important milestone for the CCEMC and for
Albertans,” says CCEMC Chairman Eric Newell. “As one of the
world’s leading energy suppliers, Alberta shares an obligation, indeed a
responsibility, to develop renewable energy and clean technology. These
projects will generate advances that not only reduce emissions but also
support green jobs.”
The CCEMC invited 30 groups to submit detailed proposals for funding
consideration in November 2009, from a pool of 223 Expressions of
Interest. Twenty-six proposals were received by the end of February.
“We received a broad range of project proposals,” said Newell.
“Funding these initial projects is a first step in creating a cycle
of innovation that will steadily build momentum as we continue to build a
balanced portfolio of projects that reduce emissions and support
adaptation.” The CCEMC will issue its second Request for
Proposals-Expression of Interest before the end of the summer.
Funding for the CCEMC is collected from industry. Since 2007, Alberta
companies that annually produce more than 100,000 tonnes of greenhouse
gas emissions are legally required to reduce their greenhouse gas
intensity by 12 per cent. One compliance option is to pay into the
Climate Change and Emissions Management Fund at $15/tonne.
The CCEMC is a not-for-profit organization whose mandate is to establish
or participate in funding for initiatives that reduce emissions and
support adaptation. With support from dedicated funds provided by the
Government of Alberta, the CCEMC invests in climate change knowledge,
technology development and operational deployment.
NOTE TO MEDIA: CCEMC CHAIR ERIC NEWELL IS AVAILABLE FOR INTERVIEWS
STARTING AT 1 PM AND CAN BE REACHED THROUGH KIRK ANDRIES.
A backgrounder is available on our website.
Climate Change and Emissions Management Corporation
780-417-3054 or 780-974-9579 (cell)
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