Canada offers $19.5m for clean energy technology projects
Canada has launched a CAD25m ($19.5m) Clean Energy Innovation Program as part of its commitment to reduce greenhouse gas emissions.
Under the program, the country is seeking proposals for projects that help in commercialization of clean energy technologies.
Canada’s Natural Resources Minister, the Honourable Jim Carr said: “Once commercialized, these clean energy technologies are available for wide adoption, creating new opportunities for Canadian clean technology solutions that reduce greenhouse gas emissions both domestically and globally.”
The initiative is also expected to help the country in meeting its Mission Innovation goal, under which it aims to double its investments in clean energy and clean technology research to CAD775m ($600m) by 2020 from 2014-15.
Carr said: “We know the important role clean technology will play in our transition to a lower carbon economy. Through Mission Innovation, we’re making important investments to help our entrepreneurs research, develop and demonstrate the use of clean energy technologies.
“The Clean Energy Innovation Program will provide more than $25 million for these entrepreneurial activities, all with the goal of making our cities cleaner, our environment healthier and our economy stronger.”
Under Mission Innovation, Canada stands with 20 governments and the European Commission which had pledged to double their respective investments over five years in the field of transformative, clean energy research and development.
Some of the countries taking part in Mission Innovation include the United States, China, the United Kingdom, Australia, India, France, Japan and the United Arab Emirates.
Mission Innovation was announced in November 2015 during the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21).