On the same day, Edmonton’s Mayor Don Iveson was awarded a national Clean 50 Award and city council passed its landmark 1.5-degree Energy Transition Plan which seeks to take Edmonton to net-zero by 2050.
It’s called Property Assessed Clean Energy (PACE) financing. Alberta introduced a PACE bill and some believe if passed, it could drive a surge of investment in energy efficiency and renewable energy in Alberta homes and businesses.
Brian Scott and Leigh Bond want to see Property Assessed Clean Energy financing come to Alberta. They say PACE has generated $3.4 billion investment in energy efficiency and renewable energy in the U.S. and that little else would do more to spur on a boom in Alberta.
We check in with Canada’s “Climate Capitalist” about the state of our cleantech startup landscape.
Securing investment in renewable energy is getting easier, but banks have a few things they like to see in projects, like price certainty and long term contracts that ensure a steady stream of revenue to support the loans needed to develop renewable energy projects.
