CCEM funds 51 cleantech projects

Alberta-based Climate Change and Emissions Management (CCEM) now supports 51 renewable energy projects with $213 million (€157 million) in funding after adding 12 new projects between 2012 and 2013.

CCEM said in a statement just over $108.2 million is used to support technology at later stages of development, which will produce near-term greenhouse gas emission reductions. The company's chair Eric Newell adds: 'Many of these projects will provide near-term greenhouse gas emission reductions, spur additional investment and encourage broader adoptions of clean technologies.'

The 51 projects the organisation currently supports have a combined value of more than $1.56 billion. They will reduce GHG emissions by an estimated 10.2 megatonnes by 2020 – the equivalent to taking more than 2 million cars off the road.