The Government of Alberta announces up to $750 million from the Technology Innovation and Emissions Reduction (TIER) fund and other public funding for programs that will “reduce emissions, boost the economy and get Albertans back to work,” according to Emissions Reduction Alberta (ERA). Additional dollars from industry and other sectors will reportedly more than double the investment, leading to more than $1.9 billion in total funding.
As part of this announcement, ERA says it is committing $9.5 million through new global partnerships to advance carbon capture, utilization and storage (CCUS) technologies. The investments and international collaborations will continue Alberta’s momentum toward lowering the costs of these technologies to help reduce greenhouse gas (GHG) emissions and increase the province’s competitiveness.
ERA is reportedly the first sub-national member of the international funding initiative Accelerating CCS Technology (ACT). As a funding partner, ERA commits $5 million to ACT’s current call for proposals focused on innovations that can lead to safe and cost-effective CCUS technologies. ERA also signs a Trusted Partner agreement with the XPRIZE Foundation. Through this partnership, ERA is reportedly committing $3 million to Carbon Corp (formerly C2CNT) and $1.5 million to Carbon Upcycling Technologies, two of the 10 finalists in the $20 million (USD) NRG COSIA Carbon XPRIZE. ERA says its investment will accelerate the commercialization of these CCUS technologies. Each of these projects are being piloted at the Alberta Carbon Conversion Technology Centre (ACCTC).
For more information, visit: www.eralberta.ca
