OBPS regulated emitters who exceed permitted emissions intensity levels are required to pay compliance, which can be met by using performance credits or by paying into the Saskatchewan Technology Fund.
Payments to the fund are made available to regulated emitters through a competitive application process to support a range of market-ready technologies, innovations and improvement projects that reduce greenhouse gas emissions at regulated facilities in Saskatchewan.
The fund announced its first intake in September 2023, with $25 million awarded to 13 projects across the province.
Key Achievements of the First Intake
- More than 4.5 million tonnes of CO2e emissions will be eliminated, equivalent to taking one million gas-powered cars off the road for a year or heating all homes in Saskatchewan for two years.
- The projects are expected to attract more than $277 million in additional investments, fuelling innovation and economic growth.
- The first intake supports energy savings of nearly five million gigajoules, comparable to heating nearly half the homes in Regina for a year.
The fund’s second intake was announced on January 16, 2025, with $50 million available to support industry-driven projects.
Details concerning the application and evaluation processes and related timelines, as well as project eligibility, can be found in the fund’s Saskatchewan Technology Fund: Governance, Administration and Operations Standard.
Looking for information on the current intake? Visit the Information for Applicants page.
Technology Fund Webinar
The Ministry of Environment hosted a webinar on October 26, 2023, that provided an overview of the Technology Fund and its first intake for regulated emitters.