Investing in Science, Technology and Innovation

Climate Change and Emissions Management Fund

Payment into the Climate Change and Emissions Management Fund is one compliance option for regulated facilities under the Specified Gas Emitters Regulation. Companies that are required to meet the provincial reduction target for greenhouse gas emissions can choose to pay into the fund for emissions over the target. The Alberta government is responsible for collecting this money for each compliance year. Since 2007, approximately $740 million has been paid into the Climate Change and Emissions Management Fund.

The price of carbon is $30 for every tonne over a facility's reduction target.

The money collected into the Climate Change and Emissions Management Fund will be used to support the implementation of Alberta's Climate Leadership Plan. This includes, but is not limited to:

  • Improving Alberta's ability to adapt to climate change
  • Investing in outreach, education and partnerships
  • Supporting initiatives and projects that reduce greenhouse gas emissions

Emissions Reduction Alberta

Emissions Reduction Alberta (ERA) accelerates development of innovative technologies that reduce greenhouse gas emissions and secure Alberta's success in a lower carbon economy. The not-for-profit, arm’s-length organization invests funds allocated to them into initiatives and projects that support emission reduction technologies. As of January 2017, ERA had committed more than $300 million to over 100 clean technology projects.

Related Information

For more information on ERA and supported projects, see:

For more information on the Climate Change and Emissions Management Fund, see:

 

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Updated: Mar 21, 2017