EDMONTON, ALBERTA--(Marketwire - Jan. 5, 2012) - The Climate Change and Emissions Management Corporation is inviting 31 small and medium-sized enterprises (SMEs) to submit full proposals for funding to support clean technology projects that reduce greenhouse gas emissions. A total of $10 million in funding is available.
The CCEMC invited expressions of interest from organizations with less than 250 employees in July and 85 proposals were received by the October 31 deadline. The 85 proposals represent a total funding request of about $35 million, and the projects have a combined value of more than $205 million.
The focus of this Expression of Interest is on SME product and market challenges that if resolved, could lead to significant greenhouse gas reductions. The maximum the CCEMC will contribute to projects responding is 50 per cent of eligible project costs, to a maximum of $500,000.
"The CCEMC knows that small and medium-sized organizations are strong innovators and we were pleased to see so many promising submissions," said CCEMC Chair Eric Newell. "The fact that there are so many emission reduction projects in this sector demonstrates that the innovation community is focused on addressing Alberta's greenhouse gas challenges."
The submissions include proof-of-concept, research and development and small pilot scale initiatives.
The organizations that have been shortlisted are diverse and include cost-effective Net Zero Ready home design, a pilot to capture carbon from ambient air and an online application to help people track and record activities to reduce environmental impacts and access energy rebates.
Recipients will be announced in late May.
To date the CCEMC has announced support for 27 projects to reduce greenhouse gas emissions, with a total combined project value of more than $630 million.
Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions are legally required to reduce their greenhouse gas intensity by 12 per cent. One compliance option is to pay into the Climate Change and Emissions Management Fund at $15/tonne.
The CCEMC is a not-for-profit organization whose mandate is to establish or participate in funding for initiatives that reduce greenhouse gas emissions and support adaptation. The CCEMC invests in discovery, development, and operational deployment of clean technologies.
Background information for each of the projects can be found at http://ccemc.ca/2012/01/05/ccemc-announces-shortlist-for-10-million-in-funding