The “Energy Transition Centre,” a $4.2-million office space, marked its grand opening Tuesday. yyc
A 2021 study commissioned by provincial economic development groups concluded the global energy transition could create 170,000 jobs in Alberta and contribute $61 billion to the province’s GDP by 2050.
The report also suggested Alberta will have to swiftly ramp up investment in clean tech or risk missing out. It said Alberta will need to invest more than $2.1 billion a year in clean tech by 2030, increasing to $5.5 billion in clean tech by 2040 in order to fully capitalize on the opportunity.Last week, Finance Minister Chrystia Freeland announced the creation of two new tax credits for clean technology and low-emitting hydrogen production.
“The cheapest, fastest and simplest way to get is by working with existing systems,” Krausert said. “The oil and gas industry, and its multi-trillions’ worth of dollars of energy infrastructure, can and must drive the emissions reductions needed to get to net-zero by 2050.
“The oil and gas industry has a once-in-a-generation opportunity to come out as the hero in the energy transition, by responsibly delivering abundant and affordable energy and investing in the technologies that are going to get us to net-zero,” Krausert said.“This forum _ immediately across the street from Suncor, Cenovus, TC Energy _ provides a direct daily interface between the customer who can deploy , and the technology developer or entrepreneur who develops it,” Krausert said.
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