Excellence in environmental innovation
Ecosystem services and biodiversity are the benefits we receive from nature. They include climate regulation; flood control and water purification; habitat for wildlife; food, fibre and fuel; and the spiritual and recreational benefits of nature.
Alberta Innovates is part of the Ecosystem Services and Biodiversity initiative, a collection of innovative projects and investments designed to build the capacity to implement ecosystem service and biodiversity markets in Alberta.
Over the last six years we’ve invested $11.5 million into the Ecosystem Services and Biodiversity Initiative, which in turn was able to leverage these dollars into $33.7 million for 23 projects.
These 23 projects are aligned with the building blocks outlined in the Ecosystem Services Roadmap. Significant investments have been made to develop the building blocks, including 10 key initiatives that are building capacity in these areas. An additional 13 projects have been funded to test, apply and advance the tools, systems and processes developed.
We focus on community-based pilots and demonstrations to test and validate concepts, further engage stakeholders and establish a governance system for the market.