May 14, 2010
CCEMC to utilize all the benefits of Technology Fund model
In April of 2010, the Conference Board of Canada was asked to compare the CCEMC with other similar technology fund business models. Part of its analysis was to examine management policies and the possible environmental and economic effects within Canada. The review has provided a broader perspective on where technology funds fit on the climate change agenda and what value they contribute to the economy.
Overall, the Conference Board of Canada found that the CCEMC’s technology fund model will make a meaningful contribution to Alberta’s environment by promoting a greener economy and reducing greenhouse gas emissions. The report also suggests that new jobs will be created, Alberta’s exportable products and technologies will increase, and the Province will be better positioned to compete in the global marketplace. More specifically, Alberta is forecast to increase GDP by more than $4.8B and generate more then 50,000 person years of employment over the next five years as a result of investments in clean technology. These developments will help foster a supportive atmosphere for the development of new green technologies in Alberta.
Through an evidence-based assessment of the CCEMC’s technology fund business model, the Conference Board of Canada report confirms that the Corporation is following practical and effective methods for achieving actual and sustainable results.
Click here to download a PDF to learn more about the findings of the report.