Forging a Cleaner and More Innovative Economy in Canada
Cycle Capital Management, and Sustainable Development Technology Canada (SDTC), in collaboration with Écotech Québec, released today a study on the financing chain of Canadian cleantech sector.
Titled, Forging a Cleaner and More Innovative Economy in Canada, the study examined the current challenges of the financing chain to foster innovation in Canada’s cleantech sector. In an in-depth analysis of the sector’s access to domestic venture capital, venture debt and grants, the study points to a number of areas for urgent improvement where Canada lags other global leaders.
SDTC SD Business Case™ reports:
Sustainable Development Technology Canada is creating a series of reports focused on investment priorities for the development and demonstration of clean technologies that benefit the economy, the environment and the health of Canadians.
The SD Business Case™ reports are developed to provide strategic insights into specific economic sectors. Combining comprehensive stakeholder input with objective SDTC analysis, these reports present a vision of Canada’s future potential and investment opportunities in the technology areas under study.
- Downstream Natural Gas
- Transportation - Industrial Freight Transportation
- Commercial Buildings - Eco-Efficiency
- Renewable Fuel - Biofuels
- Clean Conventional Fuel - Oil and Gas
- Renewable Fuel - Hydrogen
- Renewable Electricity Generation
Environmental Benefits Report:
SDIRS stands for Sustainable Development Impacts Reporting Suite: a standard assortment of reports that all SDTC-funded projects must complete once contracted and update at various points throughout the project period.
SDTC is committed to reporting on the performance of each project it funds and the benefits these projects have to the environment. To help in meeting this commitment, SDTC requires projects to report on the methodology for establishing the environmental benefits and the impacts both during the project and during the post project market roll out. Note that the project benefits may be based on different criteria than the market roll out benefits. While SDTC is not a carbon credit certification organization, the proponent is expected to use commonly accepted practices for GHG reduction such as ISO 14064. In the case of clean air, clean soil and clean water benefits where standardized protocols are not established the principals of life cycle analysis and the System of Measurement and Reporting for Technologies (SMART) can be used.
The Environmental Impacts Reporting is expected to include the following:
- An appropriate baseline (business as usual scenario) that the funded project/technology will replace.
- An appropriate monitoring and data management plan that will ensure that all required information for final quantification of project environmental (climate change, clean air, soil and water) impact(s) is being collected and tabulated in an accurate and transparent manner.
- Preliminary and/or final project environmental (climate change, clean air, soil and water) impacts quantification and per unit of activity impact quantification based on differences between project and baseline scenarios and expected or monitored data.
- Preliminary and/or final cumulative market roll-out environmental (climate change, clean air, soil and water) impact(s) quantification based on per unit of activity impact quantification and project proponent market forecasts or achieved market results for installations of projects/technologies to 5 years after the project completion.
The reporting is expected in the following form:
- Written report describing the environmental impacts quantification process and the rationale for how it was established.
- Spreadsheet containing the detailed calculations for the baseline, project and market roll out scenarios and overall comparison calculations.
- Written confirmation that the environmental impact reporting (i.e. plan, process, methodology or measurement and documentation) is a reasonable representation of the environmental impacts based on recognized protocols and accepted practices as required by SDTC.
Please refer to the associated guidance documents at:
- 2006 IPCC Guidelines for National Greenhouse Gas Inventories
- Contribution of Working Group I to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change, 2007
- Clean development mechanism methodologies booklet
- Greenhouse Gas Emissions in Canada
- National Energy Use Database
- Emissions Factors & AP 42, Compilation of Air Pollutant Emission Factors
- Toxics Release Inventory (TRI) Program
- CEPA Environmental Registry
- PFCR (Project Financial Certification Report) (sample) (Excel)
Project status reports
Three- to five-page summaries of project status with relevant attachments provided at different project milestones.
- Marketing and commercialization reports
Reports that include:
- an updated business plan with a tactical marketing plan describing the post-demonstration activities for commercialization and marketing of the technology, by product category;
- information about future risks or barriers to full commercialization of the technology; and
- forecasts of any potential or actual delays to commercializing and/or marketing the technology.
- Corporate financial statements