Climate Change and Emissions Management Fund
The Climate Change and Emissions Management Fund is one compliance option under Alberta's emission reduction regulations. Companies that are required to meet the provincial reduction target for greenhouse gas emissions can choose to pay $15 a tonne into the Fund for emissions over the target. The Alberta government is responsible for collecting this money for each compliance year.
The Fund will deliver on the goals of Alberta's Climate Change Strategy ? to support the development and application of transformative technologies, as well as improving Alberta's ability to adapt to climate change.
Climate Change and Emissions Management (CCEMC) Corporation
The CCEMC is an arm-length organization independent from government that is responsible for investing money collected in the Fund into initiatives and projects that support emission reduction technologies and improve our ability to adapt to climate change in Alberta.
Read the news release (May 6, 2009)
Each year, the Alberta government enters into a grant agreement with the CCEMC and transfers the money from the Climate Change and Emissions Management Fund to the CCEMC. As of September 2011, the fund has collected $257 million, with nearly $126 million of that already committed for investment in 27 projects. Combined, these 27 projects are expected to produce a total emissions reduction of 2.3 megatonnes per year or 23 megatonnes over 10 years.
The CCEMC is currently chaired by Eric Newell. For information on the how to access these funds, including details on the current call for expressions of interest, visit the CCEMC's website at:
