Well holy technology clean development. For Canadians will benefit from a new innovation that reduces carbon dioxide emissions. Also conserves fresh water and leads to greener buildings. Â All as a result of a $510,000 investment by the Government of Canada.
This investment will foster innovation in carbon sequestering technology. One that captures carbon dioxide and also encases this harmful greenhouse gas permanently: Â in concrete.
CarbonCure
This investment is in CarbonCure concrete. For it’s a clean technology company. One that is also based in Dartmouth, Nova Scotia. For it will lead to well-paying middle-class jobs. Moreover it will create new business opportunities for Canadians. It will also lead to cleaner tecnologies. Thereby resulting in less air pollution and most importantly, healthier communities.
The announcement was made by Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour. That’s on behalf of the Honourable Navdeep Bains. Navdeep is Minister of Innovation, Science, and Economic Development.
Where the Funding Goes
The funding will support CarbonCure’s efforts. Especially to reduce the amount of carbon dioxide released into the environment while producing concrete used to construct buildings. The company has developed a technology. One that traps and stores carbon dioxide emissions inside concrete. The concrete is then used to retrofit buildings. CarbonCure’s technology results in stronger concrete. One that turns a harmful greenhouse gas into an ingredient for a value-added commodity.
CarbonCure Funded by:
This project is being funded through Sustainable Development Technology Canada. That which works with Canadian companies to bring early-stage clean technologies to market.
Investments in clean technology are part of the Government’s Innovation and Skills Plan. For it’s a multi-year strategy. One to create well-paying jobs most importantly for the middle class. Moreover and those working hard to join it.
Quick facts
To help clean technology firms grow and expand, the Innovation and Skills Plan includes investments of nearly $1.4 billion in new financing on a cash basis. That’s also starting in 2017–18. That funding will be allocated through the Business Development Bank of Canada and Export Development Canada as follows:
- $380 million in equity financing to support clean technology producers
- $570 million in working capital to support clean technology producers
- $450 million in additional project finance for clean technology producers
- Budget 2017 also commits $400 million to recapitalize Sustainable Development Technology Canada’s SD Tech Fund. That which supports the development and demonstration of early-stage clean technology projects.
Conclusion
The government of Canada has invested $ millions in the development of the clean technology sector. Especially in Nova Scotia over the last three years.
In addition, the Government of Canada’s direct investment in the clean energy sector is a reflection. Especially of the value that it places on advancing clean energy technologies. Moreover, a way to also create jobs. Finally and reduce Canada’s greenhouse gas emissions. All the while also demonstrating its commitment to protecting the environment. The investments in Nova Scotia’s clean technology sector support the Nova Scotia government’s goal. For that’s growing the sector to $billions by 2030.
SOURCE Innovation, Science and Economic Development Canada OTTAWA, June 30, 2017 /CNW/ –
