The Minister of Environment and Climate Change announced approximately CAD 100 million from the Low Carbon Economy Leadership Fund to support initiatives in Alberta aimed at growing the clean economy. As a direct result of this funding, approximately 3,100 jobs will be created in the areas of construction, energy efficiency retrofits, clean technology innovation, industrial transformation and research. It will also support the cumulative reductions estimated at 10 million tonnes of greenhouse gas emissions by 2030.
The significant investment will finance innovative programs administered by the provincial government, which will in turn support industry, farmers, Indigenous people, researchers, small businesses and families reduce their emissions and transition to a cleaner economy.
Projects funded through these programs can include operational energy retrofits, the scaling up of biofuel production, clean technology deployment, and geothermal generation.