Adjusting to a lower carbon world: Alberta releases report card on funding for GHG reduction projects
The Alberta government released its annual progress report this week on its emissions reduction funding program. Emissions Reduction Alberta (ERA) provides funding for projects that reduce greenhouse gas (GHG) emissions or help Albertans adapt to the effects of climate change.
The agency says their goal is to help Alberta corporations succeed in a lower-carbon world. Funding for the program comes from Alberta's Climate Change and Emissions Management Fund, paid into by the province's largest emitters who have failed to meet their annual emission reduction targets.
The government funded 52 projects last year, 39 of which were completed. Some of the projects include solar panel installations, methane reduction at well heads, carbon capture, solvent-based bitumen extraction in-situ and the use of biofuels to produce spray foam instead of petroleum-based feedstock.
ERA provided about $68 million in funding last year, down from $94 million in 2015, along with another $113 million worth of approved projects in the pipeline. The government says the program will eliminate about 7 megatonnes of GHG emissions through 2020, the equivalent of taking 1.4 million cars off the road for one year.