Alberta’s Technology Innovation and Emissions Reduction fund gives waste products new life
The provincial government has announced that Alberta’s Technology Innovation and Emissions Reduction (TIER) program will be funding advanced solutions to extend the lifecycle of products like rubber tires, plastics and food waste, through the Circular Economy Challenge.
“A more sustainable, diversified provincial economy requires using our resources more wisely. We need to think about waste as a resource rather than a cost. This investment in converting waste into other uses is going to make a real difference,” said Justin Riemer, CEO of Emissions Reduction Alberta (ERA).
Provincial officials say the TIER program aims to help industrial facilities, which account for more than half of Alberta’s total emissions, find innovative ways to reduce emissions and invest in clean technology to save money and stay competitive.
The government says up to $58 million from the TIER fund is being delivered through ERA to help projects participating in the Circular Economy Challenge progress through various stages of development.