OTTAWA, August 18, 2016 /CNW/ - Investments in clean energy innovation and research to reduce greenhouse gas emissions are key to addressing climate change and positioning Canada to be globally competitive in the low-carbon economy of the future.
Canada's Natural Resources Minister, the Honourable Jim Carr, today announced the Government of Canada is seeking proposals for projects under the $25-million Clean Energy Innovation Program, which will bring clean energy technologies closer to commercialization. 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 also helps Canada meet its Mission Innovation goal to double its 2014–2015 funding of $387 million for clean energy and clean technology research and development to $775 million by 2020. Under Mission Innovation, Canada stands with 20 governments and the European Commission, which agreed to double their respective investments in transformative, clean energy research and development over five years, encourage private sector investment in clean energy technology and increase collaboration among participating countries.
The Government of Canada will continue to support the development of a clean-growth economy to help Canada access global clean energy markets, create jobs for Canadians and provide a healthier environment for future generations.
"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.
Canada's Minister of Natural Resources
SOURCE Natural Resources Canada
For further information: Alexandre Deslongchamps, Press Secretary, Office of the Minister of Natural Resources, 343-292-6837; Media Relations, Natural Resources Canada, Ottawa, 343-292-6100