Competing in Clean Energy Opportunities and challenges businesses face capitalizing on the global transition to clean energy Penelope Comette.

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Presentation transcript:

Competing in Clean Energy Opportunities and challenges businesses face capitalizing on the global transition to clean energy Penelope Comette

Global opportunity $1 Trillion $3 Trillion in %

3 Clean Energy Entrepreneurs: individuals and companies that design, develop and manufacture clean energy technologies and/or provide supporting services

4 Lack of long-term, stable policy Difficulty accessing capital Challenges

5 R&D PROTOTYPE/ PROOF OF CONCEPT PILOT/ DEMONSTRATION COMMERCIALIZATION/ MATURATION MATURITY/ PRICE COMPETITION VENTURE CAPITALDEBT FINANCING PRIVATE EQUITY TECHNOLOGICAL VALLEY OF DEATH COMMERCIALIZATION VALLEY OF DEATH The clean energy innovation cycle Source: Jenkins and Mansur

Provincial patchwork approach Limited support in accessing foreign markets Fossil fuels’ artificial advantage: externalities and subsidies 6 Lack of long-term, stable policy Challenges

7 Develop toolbox of financial instruments Based on tools already successfully used in other sectors Recapitalize Sustainable Development Technology Canada (SDTC) Solutions

8 Send the right price signals Eliminate preferential tax treatment for fossil fuel production Establish national carbon price

9 Develop national energy strategy Leverage value of fossil fuel to support clean energy development and deployment domestically Enhance international export opportunities Solutions

10 Download full report: pembina.org