IPFA’s Post

This week, the UK government has announced several significant funding initiatives aimed at boosting key industries and supporting sustainable growth. The most notable announcement includes a £1.5 billion investment in renewable energy projects under the Contracts for Difference scheme, with a focus on offshore wind, solar power, and emerging clean technologies. This funding aims to drive energy security, create jobs, and contribute to the UK’s decarbonisation efforts(GOV.UK). Additionally, the UK government has committed £360 million to enhance manufacturing and R&D in sectors such as life sciences, aerospace, and clean energy. This includes £200 million earmarked for aerospace R&D projects, supporting innovations in energy-efficient and zero-carbon aircraft technology( GOV.UK). On a smaller scale, the Co-op Local Community Fund is making £5 million available to support grassroots projects that benefit local communities across the UK(Grants Online). These initiatives reflect the UK’s commitment to fostering innovation, creating high-skilled jobs, and transitioning to a green economy. #Business #Economy #Funding #Grants

Nationally, Australians are keen to ensure that our businesses and communities grow and prosper as we transition to a decarbonised economy. A key strategy to achieve this is through building local content requirements (LCR) into project tenders for the expanded Capacity Investment Scheme (CIS). This approach allows local businesses, communities, workers, and First Nations people to directly benefit from the fast-paced energy transition. LCRs support domestic clean energy and technology supply chains, underpin investor confidence, and contribute to building jobs and a critical skills base for Australia’s energy transition. They also facilitate social license and prepare Australia for international opportunities as a renewables and cleantech superpower. Governments worldwide have increasingly included LCRs to deliver smart policies that target economic, employment, industrial, First Nations, and technological development goals concurrently. In Queensland, local procurement requirements saw state government investment with Queensland small and medium enterprises increase in 2023 by almost $1 billion with more than $23 billion in procurement investment. This approach benefited 38,600 Queensland businesses. Similar initiatives internationally range from ~60-100% local content requirement depending on the nature of the work and the project location. Let's continue to support and invest in our local communities as we embrace the renewable energy future. Source: https://lnkd.in/g2TvZwkT #RenewableEnergy #BESS #ValentEnergy

We are excited to share the valuable insights from our CEO, Josée Guibord’s panel discussion following Electricity Canada’s State of the Canadian Electricity System Report. Alongside various other panellists, Josée highlighted the importance of provinces committing to procuring more clean energy and streamlining the permitting process to expedite project approvals. We believe that clear and consistent policies are crucial in attracting investment, fostering a sustainable future for Canada and drive the net-zero economy.  #NetZeroFuture

As trillions of dollars are being earmarked for investment in the transition to #netzero economies around the world, First Nations are uniquely positioned to lead the energy transition in Canada. The increasing demand for reliable large-scale energy storage solutions to support the integration of renewable energy sources into the grid has propelled this growth, providing an opportunity for equitable partnerships with First Nations. Don’t miss out at the #FNMPC2024 OCA Conference, in Toronto from April 22-23, for a dynamic panel discussion delving into how First Nations partnership and ownership in energy storage enhances overall infrastructure development and boosts economic returns for all. Moderated by Cherie Brant, BES, JD, ICD.D (Mohawk – Bay of Quinte/Ojibway – Wikwemkoong), Partner and National Leader, Indigenous Law, Borden Ladner Gervais LLP (BLG), this discussion promises to explore innovative strategies, success stories, and the future of First Nations equity partnerships in the sector. Register now: fnmpc.ca/conference #EnergyTransition #IndigenousEquity #InfrastructureDevelopment

Australia’s leading energy industry and investment players are urging the Federal Government to stay on course and deliver the landmark #FutureMadeinAustralia Act. Clean Energy Investor Group is a part of the unified front supporting the Act, and with less than three weeks to go until the 2024 Federal Budget, is proud to be calling for the Government to step up and provide the necessary support to underpin private investor and business confidence in Australia’s transition to renewable energy. According to CEIG Policy Director Marilyne Crestias, “CEIG welcomes the Prime Minister’s vision for a ‘Future Made in Australia’”.  “Australia needs ambitious policy direction like this to reduce transition risks as the Australian economy and the world decarbonises. The Future Made in Australia Act has the potential to unlock significant domestic and international capital including through the national superannuation system.” We are collectively calling on the Federal Government to deliver on the #FutureMadeinAustrlia Act to accelerate and coordinate decision-making and de-risk clean energy proposal developments.   Beyond Zero Emissions Clean Energy Council Smart Energy Council Climate Energy Finance Rewiring Australia Climate Capital Forum Heidi Lee Wayne Smith John Grimes Blair Palese Anna Freeman Kane Thornton Saul Griffith Dan Cass Kate Minter   #CEIG #energytransition  https://lnkd.in/dQJBHWTD

Words of wisdom: Gerry Protti MA, ICD.D, President at Collaborative Canadian Energy Solutions, discussed with Charles Vaslet the hurdles that Europe and Canada are currently facing to achieve the scale and speed that is necessary to hit net zero targets and achieve the energy transition. ⚡ Key points: - Inward investment for the energy transition is lacking in both Europe & Canada - The current regulatory frameworks need an overhaul in order to be effective and support infrastructure projects - The USA's model of success with incentives, via the IRA, serves as an important lesson that punishing large polluters is probably not the best way to expedite real change 👉 Read more: https://lnkd.in/dZpt_kPB #netzero #energytransition #energyregulation #IRA #energytransformation

Alberta's Solar Pioneer: A Visa Success Story Discover how a visionary entrepreneur's dream to bring solar power solutions to Alberta turned into a success story that transcends borders. Learn how a strategic business plan paved the way for his C-11 (C11) work permit approval, and explore the impact of his customized solar consulting services on savings, sustainability, and resilience. Read the full blog to learn about this case study that shows how innovation and determination can make a world of difference: https://ow.ly/Mphs50Qrx9g #InvestorVisa #CanadaImmigration #InvestInCanada #liveincanada #visacanada

The Budget has allocated $22.7 billion for the 'Future Made in Australia' plan over the next 10 years. This includes: 🔵 $13.7 billion in tax incentives for hydrogen and critical minerals from 2027-28; 🔵 $3.2 billion over the next decade for net-zero technologies through the Australian Renewable Energy Agency; 🔵 $1.7 billion for a Future Made in Australia Innovation Fund for green metals, batteries, and low-carbon fuels; 🔵 $1.5 billion to strengthen battery and solar panel supply chains; and 🔵 $1.3 billion for the Hydrogen Headstart program to support early investments. The plan will follow a new National Interest Framework – established under a Future Made in Australia Act – to align economic incentives with national interests. The framework will have two streams: 'net zero transformation' and 'economic security and resilience.' It will guide government decisions on major public investments. #budget #futuremadeinAustralia #economy #FederalBudget2024

The 2024 Federal Budget locks in $21 billion worth of new funding initiatives under the Future Made in Australia Act policy ($22.7bn including the $1bn Solar SunShot and $466m PsiQuantum funding), as announced by Treasurer Jim Chalmers. The Albanese Government has responded to calls from the Smart Energy Council and the orgs we stand proudly with 🤝 This is a budget our businesses can bank on as they build Australia’s smart energy future. With the incentives announced tonight, our smart energy industries will stay in Australia, rather than get lured offshore. Tonight is a strong win for Smart Energy; a strong win for Australia. Anthony Albanese Chris Bowen MP Tanya Plibersek Heidi Lee Beyond Zero Emissions Marilyne Crestias Clean Energy Investor Group John Grimes Saul Griffith Dan Cass Kate Minter Tim Buckley Climate Energy Finance Rewiring Australia Climate Capital Forum Blair Palese Ethinvest Uniting Australian Council of Trade Unions (ACTU) #SmartEnergy #FutureMadeInAustralia

💡 A clean #EnergyTransition should be accessible to all Europeans!    The #LIFEProject LIFE ACCE develops community energy financing plans contributing to #EnergyEfficiency 🔋🍃 in different #EU countries.    👀 Read more about their achievements here: bit.ly/4aOMDLK