May 22, 2009
Canada Slates $880M for Clean Energy Fund
The Canadian government has announced details of the C$1-billion (approximately $882 million) Clean Energy Fund, which will go to the development and advancement of clean energy technologies including carbon capture and storage (CSS) projects.
Lisa Raitt, Minister of Natural Resources, during an address to the University of Alberta, said the fund invests C$850 million (approximately $750 million) in technology development and demonstration. This includes C$650 million (approximately $575.0 million) for large-scale CCS demonstration projects and C$200 million (approximately $177 million) for smaller-scale demonstration projects for renewable and alternative energy technologies.
Raitt also said C$150 million (approximately $132.0 million) will go toward research initiatives ranging from basic research to pre-demonstration pilot projects of technologies ranging from next-generation renewable and cleaner energy systems to new technologies to address environmental challenges in the oil sands such as water use and tailings.
The government has issued an initial request for proposals for small-scale demonstrations.
The Clean Energy Fund will also support Canada’s work with the United States in building a cleaner energy economy for North America through the Canada-U.S. Clean Energy Dialogue.
Governor Schweitzer of the state of Montana recently met with Canada’s Saskatchewan Premier Brad Wall to sign a memorandum of understanding to work together on a carbon capture project. The proposed $270-million project entails piping carbon dioxide emitted from a coal-fired power plant in southern Saskatchewan to Montana where it will be stored underground.
The Clean Energy Fund is part of the Government of Canada’s Economic Action Plan (2009), which includes new measures totaling almost C$2.4 billion (approximately $2.1 billion) to support a cleaner and more sustainable environment and meet Canada’s climate change objectives.
The latest investment should help offset criticism targeted at Canada’s environmental record. Environment Canada recently announced that Canada has one of the fastest growth rates of greenhouse gases in the world, and a record that is far worse than in the United States. The organization said carbon dioxide emissions in Canada rose to 747 million tons in 2007, up by 4 percent from 718 million tons the year before, and up 26 percent above their 1990 level, violating the Kyoto Protocol to cut emissions by 6 percent.
A group of Canadian green energy and technology companies recently met at a half-day event in Vancouver, British Columbia, to pitch for investment funding from the government stimulus package, reports Reuters.
Vicky Sharpe, chief executive of Sustainable Development Technology Canada, which manages C$1.05 billion ($920 million) in Canadian federal government funding, said in the article that governments around the world are investing billions of dollars into renewable energy and energy-efficient products and services because they create jobs.
Several executives from publicly- traded companies said they expected business to grow from tougher environmental legislation and stimulus spending, including solar energy company Arise Technologies Corp., which hopes Ontario’s recently passed Green Energy Act encourages the installation of 100,000 residential solar panels on rooftops, reports Reuters.
Advertisers
Pew Center Conference: Corporate Energy Efficiency
Reduce energy consumption, lower emissions and save money. >>
Recent Daily News [ see all ]
- 02/09/2010
- 02/08/2010
- 02/05/2010
- Caterpillar Puts Weight Behind $1.5B FutureGen CCS Project
- WR Grace Targets 20% Energy Intensity Cuts
- As UK Cap and Trade Falters, Government May Prop Up Carbon Prices
- Federal Government Proposes Climate Change Office
- University of Florida Football Complex Uses 25% Less Energy Than Similar Buildings
- 34% of Execs Cite Economy As Impediment to Adopting Sustainability
- Energy Storage Project Aims to Extend Utility of Solar Power
- Ford to Debut Electric Commercial Van
- SF OKs $150M in Property Tax Financing for Energy Efficiency, Renewables
- BNSF Signs Deal for Measuring Energy Efficiency
- Roundup: GE, IBM, Audi ‘Green Police,’ EU Carbon
- Accidental to Purposeful Sustainability: Using What You Already Have to Grow Sustainability
- Holiday Inn Express, Bardessono Boast Energy Efficiency, Renewables
- Massachusetts Adds $20M in Solar to 12 Wastewater Plants
- Novo Nordisk Cuts CO2 Emissions by 32%, Water Use by 20%
- Roundup: Dr. Suess Cease-and-Desist, Philips, EPA, Melting Drywall
- Canadian Environment Minister Denounces Quebec Vehicle Emissions Regs
- Energy-Efficient Lighting Saves Canadian Tire $6M in 2009
- Pixar Data Center Saves Money Via Cold Aisle Containment
- HVAC Software Helps University of Texas Save $500K a Year
- Data Centers Can Apply for Energy Star Rating in June
- Rytec’s Fast Cold Storage Door Helps Save Energy
- Burt’s Bees Decreases Waste to Landfill by 51.5% in 2009
- National RES Would Benefit Southeastern, Manufacturing States
- TBR Evaluates Sustainability Strategies at Dell, CSC, Cisco
- CEO Report Envisions $6 Trillion in Sustainable New Business Opportunities
- IBM ‘Cloud Computing’ Data Center Saves 15% in Energy Costs
- Bipartisan Senatorial Effort Seeks Cap and Trade for non-CO2 Emissions
- Collapsible Ocean Shipping Container May Help Reduce Emissions
- To Ensure Future Compliance, Utility Asks for CO2 Limits
- Analyzing Energy-Efficiency Metrics Can Reduce Energy Use in Data Centers
- Goose Island Touts Low-Carbon Brew
Charts [ see all ]
Popular Topics
Energy Efficiency
Data Center
Emissions
Facilities
Electricity
Sustainability
Water
Supply Chain
Efficiency
Green Marketing
Strategy & Leadership
Research
Fleets & Transportation
Carbon Finance
Conventional Energy
Clean Energy
Waste & Recycling
Paper & Packaging
Policy & Law
Utilities
Construction
Comments and Discussions
John Bergdoll on Accidental to Purposeful Sustainability: Using What You Already Have to Grow Sustainability
"I was following the logic your article..."
Liz Amason on Clorox Comes Clean With Chemical Content on Web Site
"But look at their ingredients listings. For example, their regular liquid bleach..."
Rigidflexibility on Companies Going Green Should Ignore Green Consumer
"I was about to market a metal working fluid that is 98>% Soybean oil and..."
Stuart on Canadian Environment Minister Denounces Quebec Vehicle Emissions Regs
"Canadians have been waiting for the feds to act on climate change for..."
Steve Wolford on Sports Teams Embrace Sustainability
"Hello Environmental Leader, We just returned from the National Sport Forum in Baltimore. Team and..."
Mauibrad on Bipartisan Senatorial Effort Seeks Cap and Trade for non-CO2 Emissions
"Finally some enlightened ideas out of Congress!"
Cameron Green on Data Centers Can Apply for Energy Star Rating in June
"I did a blog post about this. Essentially PUE doesn’t give you very much..."





Join the Discussion