February 23, 2017. Today, Brent Gilmour, QUEST’s Executive Director, presented to the House of Commons’ Standing Committee on Natural Resources on Clean Technology in Canada’s Natural Resources Sectors.
The Standing Committee is conducting an assessment of policy instruments designed to de-risk the adoption of clean technology in Canada’s natural resources sector.
Brent’s testimony included that there is no shortage of capital to invest in clean energy technology and there
One of the challenges is that many
There is an immediate opportunity and need to de-risk cleantech projects and attract investment for
The following three key considerations were shared with the Committee with regards to de-risking clean technology projects:
Promote the development of purpose-built lending products to foster small and medium-sized enterprise adoption of clean technologies, including energy efficiency, district energy/combined heat and power, micro-cogeneration, renewable natural gas and smart grids. (example: Global Green Growth Institute: $30M fund attracting $430M private sector investment)
Facilitate stronger networks through a greater focus on clean technologies in broader initiatives that support centres of excellence, communities of interest, and partnerships among researchers, entrepreneurs and industry, with the goals of advancing and demonstrating emerging technologies and supporting commercialization in key opportunity areas. (example: The Low Carbon Partnership: $30M to support 4000 SMEs)
Pilot the establishment of a project development advisory program with the purpose of supporting community-scale projects through the development process and connecting them with investors. (example: Climate Investor One: Supporting the project development stage)
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