OCE held a partnering forum on Oct. 5 to officially launch the $74-million TargetGHG program.
OCE officially launched the $74-million TargetGHG program Oct. 5 with a partnering forum in Mississauga featuring large industrial emitters and businesses whose creative technologies could help them reduce their greenhouse gas (GHG) emissions.
Delivered in conjunction with TargetGHG partners Natural Sciences and Engineering Research Council (NSERC), Sustainable Development Technology Canada (SDTC), and Alberta’s Climate Change and Emissions Management Corporation (CCEMC), the forum drew 240 attendees looking to collaborate on ways to reduce the province’s carbon footprint as part of the Government of Ontario’s Climate Change Strategy, which includes a cap-and-trade system for large carbon dioxide emitters as well as the recent phasing out of coal-fired electricity. In May 2015, Ontario became the first province to set a mid-term greenhouse gas reduction target of 37 per cent below 1990 levels by 2030.
“This partnering forum is a vital part of the conversation as we develop solutions that reduce greenhouse gas emissions for today – and for future generations,” said Tom Corr, President and CEO of OCE.
The TargetGHG program has three streams and is part of the province’s $325-million Green Investment Fund.
Stream 1 is comprised of The TargetGHG Industrial Demonstration Program, which supports projects with industrial emitters that demonstrate greenhouse gas (GHG) emission reductions in collaboration with innovative companies providing solutions.
Stream 2 has two components: The first is The TargetGHG Collaborative R&D Program supports industry-academic collaborative research and development projects. The projects will address Ontario’s 2020-2030 targets for GHG emission reduction and provide significant economic benefits to Ontario (jobs, revenues, etc.).The second component is The TargetGHG Collaborative Technology Development Program, which supports Ontario-based SMEs to develop and demonstrate new and innovative technologies that have strong potential to result in significant, verifiable and sustainable GHG emissions reductions in Ontario, Canada and globally.
Stream 3 also has two components, the first of which involves OCE partnering with NRG COSIA Carbon XPRIZE to help reduce greenhouse gases. Funding will be made available to Ontario teams for the development and demonstration of their concepts through the three stages of the Carbon XPRIZE competition. The second component is The TargetGHG Solutions 2030 Challenge, which will catalyze the development of next-generation disruptive clean technologies to help large industry lower emissions at their facilities and help Ontario meet its GHG targets beyond year 2030.
On Oct. 17, three Ontario-based teams were among the 27 semi-finalists in the $20-million global NRG COSIA Carbon XPRIZE competition, or Stream 3 of TargetGHG. These semi-finalists – Pond Technologies, Tandem Technical and CERT — were selected from 47 international entrants.
“I am proud of Ontario's Carbon XPRIZE semi-finalists as these bright and hardworking researchers, engineers and scientists are on the frontline of fighting climate change,” says Reza Moridi, Ontario’s Minister of Research, Innovation and Science. “Ontario is proud to support their work and we wish them the best as they develop ways to make our planet healthier for generations to come.”
Over the past two years, OCE has supported 243 clean-tech related projects leading to the creation and retention of close to 900 jobs.