In late 2015, more than 190 countries pledged to reduce greenhouse gases and fight climate change at the COP21 Summit in Paris. This will continue the upward trend in demand for clean technology (cleantech) solutions and presents tremendous opportunity for the Canadian cleantech sector. The challenge for many cleantech companies is getting the funding needed to make the leap from research and development to production and global expansion.

Our Approach

EDC works closely with federal government departments, agencies and organizations like the Business Development Bank of Canada (BDC) and Sustainable Development Technology Canada (SDTC) to pursue Canada’s climate change agenda and develop our international capabilities to support the burgeoning cleantech sector.

We have a team dedicated to understanding and supporting the unique needs of Canadian cleantech companies. Our strategy focuses on identifying promising companies whose technologies are in the early commercialization stage and providing financing and insurance solutions that fill market gaps, often in partnership with the private sector. We are frequently the bridge for cleantech companies to access financial support from traditional financial institutions.

PARIS2015 UN Climate Change Conference COP21-CMP11
More than 190 countries 
pledged to reduce greenhouse gases and fight climate change at the COP21 Summit in Paris.

2015 Performance

Cleantech Support

Transactions Companies Served

For 2016, we’ve set a target of increasing the number of cleantech companies we serve under our enhanced risk appetite to 50, up from 38 in 2015, and aiming for significant growth by the end of 2020. We know there are currently approximately 800 such companies in Canada at the commercial readiness stage and we expect that our revamped strategy, once finalized, will enable us to support more companies.