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. Two years later the Climate Change and Emissions Management Corporation (CCEMC) was created as 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 by the province.
Priority areas for funding are aligned with Alberta’s 2008 Climate Change Strategy and include:
The CCEMC mandate is to establish or participate in funding for initiatives that reduce emissions of greenhouse gases or improve Alberta’s ability to adapt to climate change.
The CCEMC mission is to accelerate the achievement of actual and sustainable reductions in greenhouse gas emissions and support climate change adaptation through partnerships and collaboration in the discovery, development and deployment of technology for application in Alberta.
The Government of Alberta administers the collection of all compliance funding each year and pools those funds in the Climate Change and Emissions Management Fund. The funds are sourced from industry and made available to the CCEMC through a grant from the Government of Alberta.
Alberta’s Specified Gas Emitters Regulation identifies that facilities that emit more than 100,000 metric tonnes of carbon dioxide equivalent per year must reduce emissions intensity by 12 per cent below a baseline.
Organizations that are unable to meet their targets have three compliance options:
The CCEMC manages its resources as a portfolio of projects with a wide spectrum of investments. The organization funds projects at all levels of the innovation chain, with the bulk of its investment in projects at the demonstration and implementation phases.