As part of its Technology Innovation and Emissions Reduction (TIER) fund, the Alberta Government is investing in carbon capture, utilisation and storage (CCUS) technologies.
Alberta’s Government said that it will invest up to $750m from the TIER fund and other public funding. The investment will be more than doubled by additional dollars from industry and other sectors, leading to more than $1.9bn in total funding.
Announced earlier this week, the TIER funding includes $80m for Alberta’s new Industrial Energy Efficiency and Carbon Capture Utilisation and Storage (IEE CCUS) Grant Programme, a programme which offers funding for industrial energy efficiency and CCUS projects.
The programme aims to help the province’s industries reduce emissions, increase competitiveness, save money and improve energy efficiency through technology and equipment upgrades. The programme is estimated to create hundreds of jobs and reduce about 300,000 tonnes of emissions annually.
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