Clean Tech Investments in Canada

Sustainable Development Technology Canada (SDTC) began its rollout of announcements of recipients from the SDTC Tech Fund in February in Southwest Ontario and in Quebec on February 16. Of the $25 million invested in Quebec, almost half was directed to Nemaska Lithium Inc., for a pilot demonstration project aimed at lowering costs associated with electric vehicle use. On February 20, seven clean technology projects in Ontario received over $26.8 million and on March 4, similar investments in Alberta were announced. In Alberta, with the top three recipients are projects for cleaner technologies for oil sands. It was B.C.’s turn on March 16, when a further $27.3 million was distributed for 10 projects. Each press release names the recipient companies and summarizes their technologies.

Growth of Canada’s Clean Tech Sector

The fourth annual Canadian Clean Technology Industry Report by private consulting company Analytica Advisors was released on March 6 in Ottawa, stating that the clean-tech industry is “coming of age”. According to the report, the industry is comprised of over 700 Canadian companies which in 2012 generated $5.8 billion in exports, spent $1 billion in research and development, and created 41,100 new jobs across Canada. Twenty percent of the workforce in the sector is 30 years old and under. The survey authors predict that, at current growth rates, “this will become a $28 billion industry by 2022, employing over 75,000”. The clean tech industry has benefited from government investment of $598 million in 246 projects through the Sustainable Technology Development Fund and the NextGen Biofuels Fund, both administered by Sustainable Development Technology Canada (SDTC).

LINKS

Press release re Canadian Clean Technology Industry Report is at: http://analytica-advisors.com/sites/default/files/2014%20Canadian%20Clean%20Technology%20Industry%20Report%20Analytica%20Press%20Release%20March%206th%202014%20SHORT_EN_Final.pdf.

The Table of Contents is at: http://analytica-advisors.com/sites/default/files/CTIR_TOC_2014.pdf, indicating the level of detail of the survey, but the full report is available only for sale at $2,500.

Sustainable Technology Development Canada website is at: http://www.sdtc.ca/index.php?page=alias-3&hl=en_CA (English), and http://www.sdtc.ca/index.php?page=home&hl=fr_CA (French); their Knowledge Centre has an archive of reports on the sector.

Federal Environmental Policy Review and Funding for Clean Tech

On February 15, Canada’s Environment Minister released the 2012 Progress Report on the Federal Sustainable Development Strategy (FSDS), along with the 2013-16 draft Strategy, which forms the basis of public consultation, open until June 14, 2013. Also on Feb. 15th, the government announced $61.8 million of funding to support 23 clean technology projects across Canada, in areas such as agriculture, biofuels, transportation, mining and electric power generation, with funding provided through Sustainable Development Technology Canada’s (SDTC) SD Tech Fund™. Individual projects are described in the Backgrounder.

LINKS 

2012 Progress Report on the Federal Sustainable Development Strategy (FSDS) is available at: http://www.ec.gc.ca/Publications/default.asp?lang=En&xml=CC4A6872-E0BE-4C90-A4AA-DD11320F10BF 

The 2013-16 Draft Federal Sustainable Development Strategy is available at: http://www.ec.gc.ca/dd-sd/default.asp?lang=En&n=C2844D2D-1 or the Consulting with Canadians website; comments accepted by June 14, 2013.

Backgrounder (with details of individual projects) at: http://www.sdtc.ca/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=317&cntnt01origid=15&cntnt01detailtemplate=news-details&cntnt01returnid=143&hl=en_CA

CCPA Alternative Budget Proposes Environmental and Energy Policies

The Canadian Centre for Policy Alternatives provides alternative budget proposals for 2013 which, they estimate, will create 200,000 to 300,000 full time jobs in any given year. Among a full-range of budget items, there are many environment- and energy-related proposals, including targeting research and development for “fostering innovation in energy stor­age, investment in Sustainable Development Technology Canada, supporting “Green Energy Bonds”, a National Green Homes Strategy for energy efficiency, and securing Arctic and remote communities’ local energy supplies.”

The Alternative Budget calls for a collaborative National Energy Plan which would “slow the pace of bitumen development and use it for domestic needs first; upgrade the resource in this country before it is exported, and develop linkages to upstream and down­stream energy related activities.” In the category of Sectoral Development, the report proposes to enhance value-added production and investment in key sectors, including manufacturing, automobiles, aerospace and forestry, with funding to come from cancelling biofuel crop subsidies and the Green Car Levy.

See the Alternative Budget in Brief (34 pages) at: http://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2013/03/AFB2013_BudgetInBrief.pdf and the full document (172 pages) at: http://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2013/03/AFB2013_MainDocument.pdf. For French language versions, go to: http://www.policyalternatives.ca/abgf2013.