Date post: | 01-Jan-2016 |
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Competing in Clean EnergyOpportunities and challenges businesses face capitalizing on the global transition to clean energy
Penelope Comette
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Global opportunity
$1 Trillion$3 Trillion in 20201%
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Clean Energy Entrepreneurs:
individuals and companies that
design, develop and manufacture
clean energy technologies and/or
provide supporting services
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Lack of long-term, stable policy
Difficultyaccessing capital
Challenges
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R&DPROTOTYPE/
PROOF OF CONCEPT
PILOT/ DEMONSTRATION
COMMERCIALIZATION/ MATURATION
MATURITY/ PRICE
COMPETITION
VENTURE CAPITAL DEBT FINANCING
PRIVATE EQUITY
TECHNOLOGICAL VALLEY OF DEATH
COMMERCIALIZATION VALLEY OF DEATH
The clean energy innovation cycleSource: Jenkins and Mansur
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• Provincial patchwork approach
• Limited support in accessing foreign markets
• Fossil fuels’ artificial advantage: externalities and subsidies
Lack of long-term, stable policyChallenges
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Develop toolbox of financial instruments
• Based on tools already successfully used in other sectors
• Recapitalize Sustainable Development Technology Canada (SDTC)
Solutions
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Solutions Send the right price signals
• Eliminate preferential tax treatment for fossil fuel production
• Establish national carbon price
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Develop national energy strategy
• Leverage value of fossil fuel to support clean energy development and deployment domestically
• Enhance international export opportunities
Solutions
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Download full report:
pembina.org