TECHNOLOGY ROADMAP
Source: | · EMISSIONS REDUCTION ALBERTA · | August 19, 2022
As part of engaging in more active management of our portfolio, ERA has developed a Technology Roadmap to help guide investment decisions and inform our portfolio mix.
ERA’s Technology Roadmap (TRM) articulates the pathways that will enable Alberta to have a competitive economy that delivers sustainable environmental outcomes, attracts investment, and is contributing to a prosperous, lower carbon world. The TRM outlines the strategic direction for investments and ensures the advancement of the right mix of short-, medium-, and long-term technologies that will help Alberta realize its environmental and economic goals and support Canadian emissions targets.
The TRM is a living document. ERA works with government, industry, investors and innovators to develop the TRM and ensure it accounts for uncertainty in factors such as the pace of technology development and global decarbonization. The TRM is also intended to contribute to and align with the broader innovation system around common environmental and innovation goals that result in meaningful GHG reductions and economic growth in Alberta and around the world.
In 2021-22, ERA revised the TRM to reflect the significant disruptions felt locally and across the globe, characterized by geopolitical unrest, economic challenges, shifting investor focus, global health pandemics, and more. The most significant change made to the TRM is the focus on cross-cutting technology areas of investment that can be adapted and deployed across numerous industrial operations. These include:
Carbon Sequestration
Future Fuels
Energy Efficiency
Industrial Transformation
Circular Economy