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Investing in Canada’s Clean Energy Technology
The Government of Canada is making investments in clean energy that are reducing greenhouse gas emissions while helping to position innovative technologies at the forefront of the clean energy economy.
The Government is working with industry, provincial governments and other key stakeholders to help transform our energy industry and to help it take advantage of the growing eco-economy, where innovation and environmental performance are key.
The Government of Canada is investing in a suite of programs to help reduce greenhouse gas emissions while creating high-quality jobs for Canadians.
The Clean Energy Fund, part of the Government of Canada’s Economic Action Plan (Budget 2009), is investing $795 million over five years in research, development and demonstration projects to advance Canadian leadership in clean energy technologies.
This includes large-scale carbon capture and storage demonstration projects as well as smaller-scale demonstration projects, such as wind, biomass and smart grid renewable and alternative energy technologies.
The ecoENERGY for Renewable Power program is providing almost $1.5 billion to increase Canada's supply of clean electricity from renewable sources such as wind, biomass, hydro, geothermal, solar and ocean energy. This program is part of the Government of Canada’s $4.1 billion ecoENERGY initiatives.
The program is expected to encourage the production of clean electricity from more than 4,000 megawatts of new renewable energy capacity — enough electricity to power about one million homes.
Sustainable Development Technology Canada (SDTC) is an arm’s-length foundation created by the Government of Canada that has received $1.05 billion as part of the Government’s commitment to create a healthy environment and a high quality of life for all Canadians.
The $550-million SD Tech FundTM supports projects that address climate change, air quality, clean water and clean soil. SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations, the financial community and all levels of government to achieve this mandate.
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