Climate Change and Emissions Management (CCEMC) Corporation

Climate Change and Emissions Management (CCEMC) Corporation

January 23, 2012 10:00 ET

Climate Change and Emissions Management (CCEMC) Corporation Releases Annual Report With 27 Clean Technology Projects Valued at More Than $632 Million

Leveraged funds spur clean technology innovation

EDMONTON, ALBERTA--(Marketwire - Jan. 23, 2012) - The Climate Change and Emissions Management (CCEMC) Corporation has released its 2009-2010 annual report which details 27 clean technology projects that the organization is supporting as part of efforts to reduce greenhouse gas emissions in Alberta.

"The CCEMC 's accomplishments include leveraging funds to support more than $632 million in clean technology projects that will reduce emissions in Alberta," said CCEMC Chair Eric Newell. "Our ability to leverage our funds demonstrates that the CCEMC is helping to spur innovation while helping Alberta transition to a lower carbon economy."

For every dollar the CCEMC plans to invest, another four dollars are also being invested.

The CCEMC is supporting projects are at all stages of innovation with the bulk of the investment currently committed to projects at the market demonstration or commercialization stage that will deliver near-term reductions.

In 2011 the CCEMC announced funding for six energy efficiency projects and five renewable energy projects across Alberta, including the Weyerhaeuser Evaporator Project in Grande Prairie, the NRGreen Recovered Energy Project in Whitecourt, the Biorefinex Biorefinery in Lacombe and the West Fraser Timber Slave Lake Pulp Bio-methanation Project.

The CCEMC portfolio reflects the three focus areas identified in Alberta's Climate Change Strategy - conserving and using energy efficiently, carbon capture and storage and greening energy production, with a small proportion of funds set aside to support climate adaptation and knowledge.

Other highlights discussed in the annual report include a workshop in December 2010 to discuss the creation of a biological program. Research identifies that more than 30 per cent of Canada's emissions can potentially be eliminated through this approach. The CCEMC also established an inventory of knowledge networks in North America and identified four that will help the CCEMC expand climate change knowledge and support technological advancement.

The CCEMC annual report is available online at ccemc.ca.

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.

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