Ottawa tries to entice pension funds into cleantech projects

• The Canadian government is actively seeking pension fund investments in green projects to address a substantial funding gap of $125 billion annually for achieving net zero emissions by 2050.
• As part of this effort, it has earmarked $1 billion over five years for the Propelling Clean Tech Projects initiative.
• Despite these initiatives, concerns linger within the industry regarding the effectiveness of new programs due to sluggish funding processes.
• To overcome this, Ottawa is exploring the establishment of a pooled-capital fund to encourage pension fund participation, with a focus on engaging major funds.
• However, challenges persist as current clean-tech projects often fall short of meeting institutional investors’ investment criteria, prompting the exploration of alternative funding models.

Read more