Le financement mixte : un mécanisme intéressant pour la réalisation de grands projets au Canada

The document examines blended finance as a mechanism to bridge the gap between Canada's clean growth ambitions and its budgetary constraints. It defines blended finance as the strategic use of public funds to mitigate risks, thereby attracting private investment for large-scale infrastructure and industrial projects. The author identifies existing tools like the Canada Infrastructure Bank (CIB) and Canada Growth Fund (CGF) but argues that current efforts lack a coordinated strategy. To optimize this model, the document recommends harmonizing blended finance with other public incentives, clarifying the distinct mandates of various funding agencies to reduce transaction costs and competition, and integrating these mechanisms with a robust industrial carbon market to enhance project profitability and emission reductions.

• Blended finance is defined as a model that uses the "déploiement stratégique du trésor public pour atténuer les risques liés aux projets et sur les investissements privés," allowing the state to absorb short- and long-term risks to attract private capital.
• For blended finance to be effective, projects must provide public benefits—such as emission reductions, energy security, or Indigenous reconciliation—and eventually generate a financial return, allowing public bodies to recover their initial investments.
• Canada currently employs blended finance through entities like the Canada Infrastructure Bank (CIB), which focuses on large-scale projects with proven technologies, and the Canada Growth Fund (CGF), which targets projects with higher demand, execution, or regulatory risks.
• Federal loan guarantee programs for Indigenous peoples serve as a form of blended finance that supports reconciliation by improving access to capital through the Canadian government's high credit rating.
• High transaction costs and a lack of standardization hinder the scaling of blended finance; the document suggests implementing standardized solutions like carbon contracts for difference or specific financing strategies for building retrofits.
• The current Canadian funding landscape is fragmented, with over 20 departments and agencies managing $180 billion in federal commitments for large infrastructure projects, leading to potential overlaps and inefficiency.
• There is a need for a centralized coordination body or clearer mandates to prevent public agencies from competing against each other for the same projects, which currently increases transaction costs and reduces transparency for taxpayers.
• Blended finance should complement rather than replace industrial carbon pricing; for example, the CGF's 2024 investment of $500 million in the Strathcona carbon capture and storage project links returns to generated carbon credits.

APA

Canadian Climate Institute (2025). Le financement mixte : un mécanisme intéressant pour la réalisation de grands projets au Canada. https://institutclimatique.ca/financement-mixte-mecanisme-interessant-realisation-grands-projets-canada/

Chicago

Canadian Climate Institute. Le financement mixte : un mécanisme intéressant pour la réalisation de grands projets au Canada. 2025. https://institutclimatique.ca/financement-mixte-mecanisme-interessant-realisation-grands-projets-canada/.

Wikipedia

{{cite report |author=Canadian Climate Institute |title=Le financement mixte : un mécanisme intéressant pour la réalisation de grands projets au Canada |date=22 October 2025 |url=https://institutclimatique.ca/financement-mixte-mecanisme-interessant-realisation-grands-projets-canada/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{canadianclimateinstitute2025financement, author = {{Canadian Climate Institute}}, title = {{Le financement mixte : un mécanisme intéressant pour la réalisation de grands projets au Canada}}, institution = {Canadian Climate Institute}, year = {2025}, month = oct, url = {https://institutclimatique.ca/financement-mixte-mecanisme-interessant-realisation-grands-projets-canada/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }