Green Bank Financing: Accelerate Clean Energy Deployment in Canada through the Canadian Infrastructure Bank
This report was created in partnership with the Coalition for Green Capital and with support from The Ivey Foundation and The Trottier Family Foundation. In it we outline how a Green Bank in Canada can boost both public and private investment in renewable energy, energy efficiency, and other clean energy and green infrastructure by eliminating an institutional gap and market barriers.
The Canadian Infrastructure Bank (CIB), part of the Government of Canada’s proposed five-year $17.7 billion infrastructure investment plan, is the logical home for a national Green Bank. This model would provide the tools and institutions to address specific market barriers and finance project deployment.
Clean energy infrastructure is ideal for this investment approach. Creating a Green Bank Division, a dedicated component of the CIB for clean energy financing, has the potential to produce wide economic, fiscal and environmental benefits.