Clean Energy Fund

Brief description:

The Canadian government's Clean Energy Fund, announced in May 2009, allocated $650 million to be spent over 5 years on co-funding between three and five large-scale, integrated CCS projects that are at, or near, full commercial scale. They must also have a minimum total cost of $100 million.

The fund is part of the government's Economic Action Plan (2009), which includes measures to help the country meet its climate change objectives.

Proposals have been invited from for-profit organisations that are well advanced in the planning and execution of such a large-scale projects and have the capacity to undertake them. They must demonstrate that they have secured significant state funding commitments before their project is considered.