Mobilizing private capital to support Canada’s clean growth

The Canadian Climate Institute recommends a strategic approach to clean growth that leverages limited public funds to attract private investment. Key proposals include fixing market failures, releasing carbon price schedules beyond 2030, implementing clear exit strategies for public support, and ensuring the Canada Growth Fund maintains political independence and promotes Indigenous majority ownership.

• Canada can maintain competitiveness in the clean energy transition without matching the subsidies of the U.S. Inflation Reduction Act by using public funds to leverage private investment and providing increased policy certainty.
• Public support for clean growth should be targeted at fixing market and policy failures to avoid over-subsidizing projects that are already economically viable, and should focus on projects delivering societal benefits that markets alone would not provide.
• To increase investment certainty, Canada should release its carbon price schedule for the period beyond 2030 and explore the use of carbon contracts for differences.
• The Canada Growth Fund should employ a balanced portfolio of risk, using high-exposure instruments only for a limited number of high-risk-high-reward projects, while ensuring its governance is politically independent and accountable.
• Public support policies should include pre-defined "exit strategies" to ensure funding ceases once a project becomes profitable, and must require a minimum share of projects with Indigenous majority ownership to support economic reconciliation.

APA

Canadian Climate Institute (2023). Mobilizing private capital to support Canada’s clean growth. https://climateinstitute.ca/reports/mobilizing-private-capital-to-support-canadas-clean-growth/

Chicago

Canadian Climate Institute. Mobilizing private capital to support Canada’s clean growth. 2023. https://climateinstitute.ca/reports/mobilizing-private-capital-to-support-canadas-clean-growth/.

Wikipedia

{{cite report |author=Canadian Climate Institute |title=Mobilizing private capital to support Canada’s clean growth |date=21 March 2023 |url=https://climateinstitute.ca/reports/mobilizing-private-capital-to-support-canadas-clean-growth/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{canadianclimateinstitute2023mobilizing, author = {{Canadian Climate Institute}}, title = {{Mobilizing private capital to support Canada’s clean growth}}, institution = {Canadian Climate Institute}, year = {2023}, month = mar, url = {https://climateinstitute.ca/reports/mobilizing-private-capital-to-support-canadas-clean-growth/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }