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ARTICLE · 08 DECEMBER 2023

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Alberta Launches A Gamechanger Incentive Program For Carbon Capture Projects

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On November 28, 2023, the Alberta government launched the Alberta Carbon Capture Incentive Program (ACCIP).

CanadaReal Estate and Construction
Thomas Collopy
Thomas Collopy
Ken Tennenhouse
Ken Tennenhouse
Andrew Konopelny
Andrew Konopelny
Scott Masson
Scott Masson
Randy Brunet
Randy Brunet
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On November 28, 2023, the Alberta government launched the Alberta Carbon Capture Incentive Program (ACCIP). The new incentive aims to advance investment in carbon capture, utilization and storage (CCUS) projects in the province.

This new provincial grant, when coupled with federal CCUS investment tax credits, is expected to provide a substantial spark for prospective investors in this space.

Supporting Alberta's economy

CCUS is currently viewed as the only viable option for hard-to-abate industries to significantly reduce their greenhouse gas emissions. CCUS technology is crucial for reducing emissions in industries with a large economic presence in Alberta, while still supporting the province's diverse economy.

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