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Alberta government announces new funding to help businesses reduce energy costs
The Alberta government has announced a $40 million investment geared towards helping small and medium-sized businesses find new ways to lower emissions, reduce energy costs and grow the economy.
Provincial representatives say small and medium-sized businesses are the backbone of the Alberta economy, making up about 96 per cent of businesses and employing hundreds of thousands of Albertans, rendering them an important part of reducing emissions across the province.
The investment is funded by Alberta’s Technology Innovation and Emissions Reduction system, where the provincial government invests revenues from the industrial carbon price to accelerate the development and adoption of innovative clean technology solutions.
The project by Emissions Reduction Alberta titled “Emerging Innovators Challenge” will be helping to fund scale-up, pilot and first-of-kind emissions-reduction projects.