The CPP Investment Board has invested $536 million in Google-backed Verse Innovation, B.C. business owners to benefit from better access to IP resources, the Experimental Lakes Research area gets a five-year boost from Ontario, and more.
Topic: greenhouse gas emissions
Innovation, Science and Economic Development Canada made another large investment into small modular reactor technology in March, but researchers and advocacy organizations question the technology’s safety and usefulness.
Projects that could advance clean hydrogen, renewable diesel fuel and carbon capture have been selected for funding in Clean Resource Innovation Network’s (CRIN) low emission fuels and products technology competition.
Establishing a robust carbon capture, utilization and storage industry, supported by a well-designed federal tax incentive, is critical to achieving Canada’s net zero GHG emissions target in 2050, Hon. Grant Mitchell, CCS strategic advisor, and Craig Golinowski, managing partner, at Carbon Infrastructure Partners, say in an op-ed.
Climate change gives Canada’s innovation ecosystem a huge opportunity, supported by a change in innovation policies, to create new greenhouse gas emissions-free products from the oil sands, Bert van den Berg, an Ottawa-based innovation policy consultant and former program leader with NSERC, says in an op-ed.
Government and business investment in electrical-grid connected battery energy storage is growing, driven by lower costs for the technology and Canada’s goal of achieving net-zero emissions by 2050.
A pan-Canadian oil and natural gas innovation network has yet to spend the bulk of $100 million of federal funding on commercializing new, cleaner technologies, two years after Ottawa announced the funding and seven months after a contribution agreement was signed. The Clean Resource Innovation Network, which aims to produce the world’s cleanest hydrocarbons, plans to announce details of its planned three technology competitions by end of March 2021.
Government investment and policy in clean electricity must include nuclear power to achieve Canada’s economic and climate goals, John Gorman, president and CEO of the Canadian Nuclear Association, says in an editorial. His recommendations include: a pan-Canadian electrification strategy; continued government support for the nuclear sector; regulatory support for Canada’s uranium industry; and official government categorization of nuclear as a clean technology.
Canada’s agri-food system can help the nation achieve net-zero emissions by 2050 by providing either a source of renewable energy or “negative” emissions, Adekunbi Adetona and Dr. (PhD) David Layzell say in an opinion leader column. Innovative approaches, incentives and supportive government policy will be needed to use residual agricultural biomass to help reduce emissions, they say.
The federal government needs to invest more strategically in clean technologies and improve data gathering to support climate goals, clean economic growth and Canadians’ well-being, says a new report by the Canadian Institute for Climate Choices. Yet despite several challenges which include COVID-19, Canada’s clean tech industry continues to grow, speakers told Sustainable Development Technology Canada’s annual meeting.