In April 2007, Alberta became the first jurisdiction in North America to pass climate change legislation requiring large emitters to reduce greenhouse gas (GHG) emissions. The Climate Change and Emissions Management Corporation (CCEMC) was created in 2009 to be a key part of Alberta’s climate change strategy and movement toward a stronger and more diverse lower-carbon economy.
The CCEMC is an independent organization that supports and builds on the strategic direction established in Alberta’s 2008 Climate Change Strategy. It also recognizes the direction set by Alberta’s Carbon Capture and Storage Development Council and seeks to complement decisions made on large carbon capture and storage (CCS) projects.
Alberta’s target is to reduce emissions by 200 megatonnes (M) or 50% below business as usual, by 2050. In doing so, growth in green jobs and an economic transition to green energy production will occur, enhancing Alberta’s competitiveness.
Priority areas for funding by the CCEMC are aligned with Alberta’s Climate Change Strategy and include:
The mandate of the CCEMC as a clean technology fund is to establish or participate in funding initiatives that reduce GHG emissions or improve our ability to adapt to climate change.
The mission of the CCEMC is to achieve actual and sustainable reductions in greenhouse gas emissions and facilitate climate change adaptation by stimulating transformative change through investments in climate change knowledge, clean technology solutions, and operational deployment.
The CCEMC intends to manage its resources as a portfolio of climate change projects with a wide spectrum of investments. In doing so, the CCEMC will consider funding projects at all levels of the innovation chain, from early stages to commercialization. Attracting the entrepreneur (pull strategy) and advancing technology and deployment (push strategy) will be equally important.
Program money is sourced from the Climate Change and Emissions Management Fund and is collected by the Government of Alberta.
Alberta’s Specified Gas Emitters regulation identifies that companies that emit more than 100,000 metric tonnes of carbon dioxide equivalent per year must reduce emissions intensity by 12 per cent below their 2004-2005 baseline intensity.
Organizations that are unable to meet their targets have three compliance options:
The CCEMC receives money from the Climate Change and Emissions Management Fund and directs it towards innovative projects that will reduce greenhouse gas emissions.