The Climate Change Emissions Management Corporation
("CCEMC") has announced that it is offering up to $40
million to fund energy efficiency projects in 2012.
Eric Newell, chair of the CCEMC stated that the focus of this,
the CCEMC's sixth round of funding, is on "energy
efficiency projects that hold great potential but would not
otherwise be feasible without additional support" and that
" [the CCEMC] want to be a catalyst" for energy
efficiency in the province.
Provincial law requires that companies that emit more than
100,000 tonnes of greenhouse gasses annually are to reduce those
emissions by 12 per cent, or pay for emissions offsets. Companies
emitting more than 100,000 tonnes may contribute to the Climate
Change Emissions Management Fund as a means of paying for offsets.
To date, the CCEMC has approved 32 energy efficiency projects worth
$167 million. These investments are responsible for $830 million
worth of research and development. The CCEMC hopes that
