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ARTICLE · 29 APRIL 2024

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The Alberta Carbon Capture Incentive Program

The Government of Alberta has taken another step towards a sustainable future with the introduction of the Alberta Carbon Capture Incentive Program (ACCIP).

CanadaEnergy and Natural Resources

The Government of Alberta has taken another step towards a sustainable future with the introduction of the Alberta Carbon Capture Incentive Program (ACCIP). Through this program, Alberta seeks to demonstrate its commitment to reducing emissions by supporting and accelerating the development of new carbon capture, utilization and storage (CCUS) infrastructure for at least the next decade. Through the ACCIP, the province plans to commit an estimated CA$3.2 to CA$5.3 billion of support between 2024 and 2035, which is poised to drive CA$35 billion in new investments and create up to 21,000 jobs.

Project grants

The ACCIP will assist the development of new CCUS infrastructure by providing a grant of 12% on capital costs for new eligible CCUS projects. The grant will be paid in three installments over three years starting after one year of operation. Applicants must meet reporting requirements by providing project reports between the grant instalment payments.

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