Innovation Investments

 

Investing in innovation is a key component in the fight against climate change.

B.C.’s clean tech companies are leading the way in developing solutions to make our foundational industries cleaner, more efficient and more competitive in global markets.

B.C.’s Innovative Clean Energy (ICE) Fund is a Special Account, funded through a levy on certain energy sales, designed to support the Province’s energy, economic, environmental and greenhouse gas reduction priorities, and to advance B.C.’s clean energy sector.

This fund helps innovators across B.C. access the capital they need to get their world-changing ideas off the ground. Since 2008, over $77 million has been invested in 62 clean tech projects in B.C.

These demonstration projects showcase a variety of clean energy technologies, including solar, wind, tidal, geothermal, ocean wave and bioenergy. Completed projects have led to emissions reductions of over 135,000 tonnes, the equivalent of removing 28,105 passenger vehicles off B.C. roads.

Additionally, our revenue-neutral carbon tax has pushed industry to innovate, unlocking the capital needed for investments in climate friendly solutions. B.C. is now home to around 200 clean tech firms, generating $1.7 billion in revenue, primarily from exports.

Learn more about how B.C. is investing in innovation by reading the Climate Leadership Plan.


Read BC’s Climate Leadership Plan [PDF]