Canada's Investment in Clean Energy Technology and Emission-Reducing Research and Development Will Double to $775 million by 2020

SAN FRANCISCO, June 2, 2016 /CNW/ - Investments in clean energy and emission-reducing research and development are essential to growing the economy and protecting the environment as we transition to a low-carbon future.

As such, Canada's Minister of Natural Resources, the Honourable Jim Carr, says Canada will double its funding for clean energy and clean technology research and development, increasing from $387 million in 2014-2015 to $775 million by 2020. Minister Carr made the announcement today during the inaugural Mission Innovation Ministerial in San Francisco. The Government of Canada joined Mission Innovation in November 2015 with 20 other nations and the European Union as part of a global effort to accelerate clean energy innovation with the goal of making clean energy widely affordable.

Minister Carr and energy ministers from around the world held the Mission Innovation meeting while gathered for the 7th Clean Energy Ministerial (CEM). At the CEM, Minister Carr outlined several Canadian initiatives addressing climate change, such as government support for schools and hospitals to adopt higher-efficiency lighting, and encouraging the adoption of more climate-friendly cooling products.

The CEM's CleanTech Solutions Showcase, held alongside the government meetings, promoted six Canadian companies to potential customers and investors. The Government of Canada hosted a complementary Canada Cleantech Showcase with an additional 17 Canadian companies seeking international sales and investment. 

For Minister Carr, Mexican Secretary of Energy Pedro Joaquín Coldwell and U.S. Secretary of Energy Dr. Ernest Moniz, the CEM marks the first 100 days since signing the Memorandum of Understanding concerning Climate Change and Energy Collaboration in Winnipeg. The ministers used the occasion to measure progress against work plan objectives and to discuss advancing clean energy action ahead of the upcoming North American Leaders' Summit in Ottawa at the end of June.

Quotes

"Homegrown emission-reducing and clean energy technologies play an increasingly important role in Canada's economic growth as we support the global transition to a low-carbon economy. Government and private sector investments in clean energy and technology research and development will help us meet our climate change objectives, increase Canada's competitiveness and support employment opportunities across the country. The progress we are already making on global clean energy cooperation in making clean energy affordable bodes well for the future as we advance common energy, environment and economic goals."

Jim Carr, Canada's Minister of Natural Resources

Related Products

Mission Innovation in Canada
Clean Energy Ministerial – joint news release
Mission Innovation – joint news release

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SOURCE Natural Resources Canada

For further information: Laurel Munroe, Director of Communications, Office of the Minister, Natural Resources Canada, 343-292-6837; Or Media Relations, Natural Resources Canada, Ottawa, 343-292-6100

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