Alberta announces $58 million for circular economy projects worth $528 million in public and private investment
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Monday, February 13, 2023
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EDMONTON, Alberta, Feb. 13, 2023 (GLOBE NEWSWIRE) -- The Government of Alberta is advancing the province’s global leadership in the circular economy by committing $58 million through Emissions Reduction Alberta (ERA) to projects across the province worth $528 million in public and private investment.
Key Points:
- EDMONTON, Alberta, Feb. 13, 2023 (GLOBE NEWSWIRE) -- The Government of Alberta is advancing the province’s global leadership in the circular economy by committing $58 million through Emissions Reduction Alberta (ERA) to projects across the province worth $528 million in public and private investment.
- If successful, these projects will result in cumulative greenhouse gas (GHG) reductions of up to 4 million tonnes by 2050—equal to offsetting the GHG footprint of 1 million homes.
- Circular Economy Challenge Funding is expected to create 1835 person-year jobs* in Alberta and have a $350 million GDP impact in the province by 2025.
- Circular Economy Challenge projects supported by the TIER fund will help keep valuable materials in the economy and out of landfills, which drives investment, bolsters economic activity, cuts emissions, and creates jobs.