|Canada: Government investing in Green Energy, Clean Technologies Projects|
|Wednesday, July 22, 2009|
On March 6, Sustainable Development Technology Canada (SDTC) announced that 16 new projects in emerging, clean technologies were awarded with a value of CD$ 53 million. The projects cover a large variety of technical fields from high efficiency HVAC, to solar panels and compost pellets. The Canadian Government is aiming to strengthen the economy by stimulating new businesses while responding to environmental concerns. The current round of new projects is part of a complex program including some 154 projects that received CD$ 375 million from the Canadian Government through SDTC.
Canada: Government investing in Green Energy, Clean Technologies Projects
SDTC is a not-for-profit foundation that finances and supports the development and demonstration of clean technologies, which provide solutions to issues of climate change, clean air, water, and soil quality. It was established by the Government of Canada in 2001 and reports to Parliament through the Minister of Natural Resources Canada. SDTC has received CD$ 1.05 billion from the Government of Canada and is managing the investments through two funds: SD Tech Fund™ and NextGen Biofuels Fund™.