Canada to Invest $2m in Clean Energy

21 June 2009 (Last Updated June 21st, 2009 18:30)

The Government of Canada has invested $2m to partner with Canadian businesses in eleven clean technology projects under the Asia-Pacific Partnership on clean development and climate (APP). The APP's work is conducted through eight task forces, including five energy-intensive sectors and

The Government of Canada has invested $2m to partner with Canadian businesses in eleven clean technology projects under the Asia-Pacific Partnership on clean development and climate (APP).

The APP's work is conducted through eight task forces, including five energy-intensive sectors and three energy supply sectors - cleaner fossil energy, renewable energy and distributed generation, and power generation and transmission.

The investment will leverage matching funds from the private sector. The funding will support new projects in seven of the eight APP task forces, according to the terms of the deal.

The five energy-intensive sectors include aluminum, buildings and appliances, cement, coal mining and steel.

"Achieving Canada's long-term emission reductions goals will require continued investments in clean technologies," said Canada's Minister of the Environment, Jim Prentice.

The APP is a public-private partnership of seven countries - Australia, Canada, China, India, Japan, South Korea and the US - that seeks to accelerate the development and deployment of clean energy technologies.

Canada's participation in the APP supports its domestic, continental and international efforts to address climate change, as well as the commitment to reduce greenhouse gas emissions by 20% from 2006 levels by 2020 and 60 to 70% by 2050, according to a statement by the government.

Canada joined the APP in October 2007 and a member of all task force. Last year the country announced a $20m investment over three years to support its APP projects and activities.

In the coming months, the government has said it will also work with the private sector to develop and fund a second round of clean technology projects under the APP.