|Policy status:||In Force|
|Policy Type:||Voluntary Approaches>Negotiated Agreements (Public-private sector), Economic Instruments>Fiscal/financial incentives, Research, Development and Deployment (RD&D), Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Multiple RE Sources>All|
|Policy Sector:||Multi-sectoral Policy|
|Agency:||Sustainable Development Technology Canada|
|Funding:||SD Tech Fund: CAD 590 million; NextGen Biofuels Fund (NGBF): CAD 500 million; TOTAL CAD 1.09 billion|
The Government of Canada announced in 1999 the provision of CAD 100 million to establish a Sustainable Development Technology Fund to be administered by a third-party foundation. The Fund would stimulate the development and demonstration of environmental technologies, particularly those aimed at reducing greenhouse gas emissions and improving air quality. Funding would be available to the private sector, research centres and other institutes, up to a maximum of 33% of a projects costs, within total government funding capped at 75% of each projects costs. At the Funds launch, partnering organizations and private firms were expected to provide a further CN$200 million in leveraged funding. Between April 2002 and October 2006, SDTC completed seven funding rounds, committed CAD 169 million to 75 clean technology projects, and leveraged CAD 446 million from project consortia members, for a total portfolio value of CAD 615 million. On 12 August, 2003, the Government of Canada announced the investment of CAD 250 million from Budget 2003 to Sustainable Development Technology Canada, to strengthen the Governments support for the development and demonstration of technology related to climate change and clean air. In January 2006, Sustainable Development Technology Canada (SDTC) pledged CAD 42.5 million in new funding for clean technology projects. The funding, approved by SDTCs Board of Directors, would support the development and demonstration of new clean technologies and fast-track their progress toward commercial viability. Projects included industrial process efficiency and recycling of waste as energy. The 2007 federal budget announced an additional CAD 500 million for SDTC, applied to commercial-scale biofuels projects. A not-for-profit corporation, SDTC aims to bring clean technologies from research to market: helping clean technology developers move through the development and demonstration phases, in preparation for commercialization. SDTC applies a stringent due diligence process when selecting technologies to support and requires every applicant to involve a consortia of partners in their project.
Last modified: Fri, 01 Feb 2013 19:06:26 CET