Guide to understand what is Clean Technology:
Clean technology (clean tech) is a general term used to describe products, processes or services that reduce waste and require as few non-renewable resources as possible. This technology is the practical application of knowledge, method and means within the needs of man to provide the most rational use of natural resources, energy and to protect the environmental quality.
“Clean technology is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities.”
“A broad base of processes, practices and tools, in any industry that supports a sustainable business approach, including but not limited to: pollution control, resource reduction and management, end of life strategy, waste reduction, energy efficiency, carbon mitigation and profitability.”
Objectives of Clean Tech:
Clean Tech Innovation:
|Past Environmental Protection Policies||Clean Tech Technology|
|Emphasize on pollution control||Emphasizes on pollution prevention|
|Treat waste by converting it to a comparatively less harmful form of pollution||Reduces environmental damage at source by recycling and recovery waste and products before the pollutants are generated|
|Find cheaper ways of waste disposal||It is less expensive and thus more profitable to change the process technologies to make them less polluting rather than finding cheaper ways of waste disposal.|
Difference between Clean Tech and Green Tech:
|Green Tech Technology||Clean Tech Technology|
|This technology would accept little emission||This technology prefers the situation with no or neutral emission|
|Green is a reference to nature. It is all that is naturally sourced or mostly agrarian (agricultural) or biologically derived||CleanTech is all the rest and mostly uses the alternative sources of energy|
Canada’s Clean Technology Advantages:
The global campaign against climate change is an economic opportunity for Canada. The world is undeniably moving towards cleaner technologies, ones that use renewable and sustainable sources of energy, emit less pollution and use fewer resources.
When it comes to clean technology, Canada has the opportunity to be a true global leader—creating good jobs for Canadians while helping to meet our climate change goals.
Budget 2017 proposes measures that will:
- Provide financing that innovative companies need to facilitate business growth.
- Support research, development, demonstration and adoption of clean technologies.
- Enhance collaboration and establish new ways of measuring success, including increasing the workforce participation of women in this sector.
Through its participation in Mission Innovation, Canada has committed to double its investments in clean energy research, development and demonstration over the next five years. The investments announced in Budget 2017 support this commitment, and will help Canada to reduce carbon pollution while creating good, well-paying jobs in communities all across Canada.
Resources for Clean Tech Projects:
Access to Financing for Cleantech Firms:
Financing fuels the growth of companies. It provides the capital needed to hire new staff, develop products, and support sales both at home and internationally.
Budget 2017 proposes to increase financing support for Canada’s clean technology sector by making available more equity finance, working capital and project finance to promising clean technology firms. Nearly $1.4 billion in new financing, on a cash basis, will be made available to help Canada’s clean technology firms grow and expand.
This new financing will be available through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC), further expanding their business growth and export financing support to Canadian clean technology companies and building on their client-centred collaboration in this sector.
|Business Development Bank of Canada||BDC, the Business Development Bank of Canada is the only financial institution devoted exclusively to entrepreneurs, It helps create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium-sized enterprises||Head Office: 5, Place Ville Marie, Suite 100, Montreal, Quebec, H3B 5E7, Toll‑free number: 1‑877‑232‑2269, Fax: 1‑877‑329‑9232||https://www.bdc.ca/en/pages/home.aspx|
|Export Development Canada||Canada’s export credit agency to support and develop Canada’s export trade by helping Canadian companies respond to international business opportunities. It is self-financing Crown corporation that operates at arm’s length from the government||Head Office
150 Slater Street
Ottawa, ON K1A 1K3
Promoting the Demonstration of Clean Technologies:
The SD Tech Fund™ supports the development and pre-commercial demonstration of clean technologies. As the flagship program of Sustainable Development Technology Canada (SDTC), it is leading the way in bringing clean technology to market.
|Sustainable Development Technology Canada||Sustainable Development Technology Canada (SDTC) is a foundation created by the Government of Canada to support Canadian companies with the potential to become world leaders in their efforts to develop and demonstrate new environmental technologies that address climate change, clean air, clean water and clean soil. SDTC seeks to:
-Fund the development and demonstration of new sustainable development technologies related to climate change, clean air, clean water and clean soil.
-Foster and encourage innovative collaboration and partnering amongst the private sector, academia, not-for-profit and other like-mandated organizations to develop and demonstrate environmental technologies with respect to climate change, clean air, clean water and clean soil.
-Promote timely diffusion of new sustainable development technologies across key economic sectors in Canada.
|Sustainable Development Technology Canada
45 O’Connor Street, Suite 1850
Tel: (613) 234-6313 ext. 0
SDTC also has offices in Vancouver, Calgary, Montreal and Halifax
Investing in Research and Development for Clean Energy:
Clean energy and transportation research and development (R&D) maintains economic competitiveness and contributes to lower-cost emissions reductions in the energy and transportation sectors. The Government proposes to provide $229 million over four years, starting in 2018–19, to Natural Resources Canada and Transport Canada to continue R&D activities through their core clean energy and clean transportation innovation programming.
Expanding Tax Support for Clean Energy:
Canada’s income tax system encourages businesses to invest in clean energy generation and energy efficiency equipment by allowing them to deduct the cost of eligible capital assets on an accelerated basis.
Capitalizing on International Business Development for Clean Technology
Global Affairs Canada can support clean technology firms by connecting entrepreneurs with international networks, and educating them on business supports provided by the Government of Canada.
|Global Affair Canada||Global Affairs Canada manages Canada’s diplomatic relations, provides consular services to Canadians, promotes the country’s international trade, and leads Canada’s international development and humanitarian assistance||Mail:
Enquiries Service (LOS)
Global Affairs Canada
125 Sussex Drive
Establishing Clean Growth Hub:
The Government will provide $12 million over four years, starting in 2017–18, to Innovation, Science and Economic Development Canada and Natural Resources Canada to establish a Clean Growth Hub within the new Innovation Canada single-window service.
|Clean Growth Hub||If women are ready to take their clean technology project to the next level, Clean Growth Hub is ready to firstname.lastname@example.org||http://www.ic.gc.ca/eic/site/099.nsf/eng/home|