Earth Day – a time of reflection and action for Canadians

Earth Day is a time of reflection for Canadians as the clock ticks on efforts to get to net-zero emissions. With its focus on the Clean Power and Green Infrastructure sectors, the Canada Infrastructure Bank (CIB) demonstrates every day how its green philosophy is being translated into concrete actions to lower greenhouse gas emissions and drive energy efficiency.?

Green initiatives range from developing clean energy sources such as Small Modular Reactors, wind and solar to supporting zero-emission vehicles through its Charging and Hydrogen Refuelling Initiative, energy-efficient building upgrades and Carbon Capture and Storage.

“The CIB enabled us to scale out our concept and offer and go further than we could have alone,” says Pierre Langlois , President of SOFIAC , a retrofit aggregator that received a $200-million CIB loan in 2021.

He said the idea of an investment bank that targets projects fighting climate change can help to mitigate risks for investors and enable a more rapid and larger deployment of private sector capital.

“Green banks around the world have an important role as an accelerator for the transformation of the financial market and in helping initiatives to develop and grow faster and bigger.”

Bruce Ander , CEO of Markham District Energy , said CIB funding was a catalyst to advance the company’s business plan to connect buildings and lower its carbon footprint. Although district energy systems have been in place in Canada for more than a century, he said it is becoming increasingly clear that they are a leading strategy to help urban centres move to net-zero.

This article is part of our e-magazine,?The Frame, where we bring you infrastructure insights from industry leaders, share the progress of our partnerships, introduce you to CIB’s community, and much more!

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