Thank you to our friends at the Canada Cleantech Alliance for summarizing the relevant references to clean growth in the Federal Government’s Fall 2021 Economic Update:
Tax Incentive for Carbon Capture, Utilization, and Storage
Budget 2021 proposed an investment tax credit for capital invested in carbon capture, utilization, and storage (CCUS) projects with the goal of substantially reducing emissions. The new investment tax credit would be available for a broad range of CCUS applications across different industrial subsectors (e.g. concrete, plastics, fertilizers, fuels), including blue hydrogen projects and direct air capture projects but not enhanced oil recovery projects. The government will outline the final design of the proposed investment tax credit in Budget 2022 based on stakeholder consultations.
Green Bond
The government plans to publish its green bond framework in the final quarter of 2021-22. The inaugural green bond issuance will target $5 billion and is planned by the end of 2021-22, subject to market conditions. This will be Canada’s first green bond and the government intends for it to be a regular offering.
econext works one-on-one with its members to help them become more productive and competitive, help them pursue growth and funding opportunities, and help them become more environmentally sustainable in their operations. It represents the collective membership in its efforts to accelerate clean growth in Newfoundland and Labrador.
How We Can Help:
econext engages its members one-on-one to help identify opportunities for growth and challenges to productivity, and work to connect them to the resources that exist to help them succeed.
We work with entrepreneurs, owners, and business development professionals to help them answer the following kinds of questions:
Are there funding or other supports available to help my business grow?
How can my business be more productive, and more competitive?
How can my business become more innovative?
What should my business’ next steps be in pursuing international business?
I want to start a new business… what opportunities are out there, and how I get started?
econext acts as a broker between its members, business development experts, and agencies that provide support and financing mechanisms.
Marketing support
econext members have access to experts in the marketing and communications technology field who can offer advice and insight on branding, strategic planning, website development and e-commerce, social campaigns, creative and design, and much more to help you effectively communicate in a targeted fashion and take advantage of the growing global interest in clean technology and environmental services. Contact us and we can set up a complementary 1-on-1 meeting with our professional partners.
econext also follows your social media activities and re-broadcasts your content through its own networks. Your firm is listed on econext’s member directory and is featured on our social media channels. Using our multiple newsletter channels, our website and by being able to access other econext members, we help advance your firms marketing and communications capabilities a significant amount.
Reduced Rates for econext Events and Training
econext members and their employees enjoy reduced rates at all of econext’s events including conferences, workshops, training courses, and more. Where your firm has training needs, econext can work with you to provide solutions either by finding and facilitating delivery of the appropriate programming, or by developing custom solutions to meet niche needs.
Networking
econext is at the centre of the province’s clean technology and environmental services sector – a network of entrepreneurs, environmental professionals, business owners, researchers, and policymakers that spans many industries and organizations in Newfoundland and Labrador. As a member of econext, your firm belongs to this exclusive group and can make the most of the associated networking opportunities.
Representation of Your Business Interests
Through our strong relationships with municipal, provincial, and federal governments as well as industry leaders, econext members have a voice with key decision-makers and in the public forum. Where your firm identifies issues or opportunities, econext advocates on your behalf to address challenges or barriers. Via econext’s Board of Directors, its committees, and regular direct membership engagements your firm also has direct input into the association’s policy and sector growth strategies.
International Business Representation
The internationalization of firms from Newfoundland and Labrador is a top priority for econext. The association supports its members in exploring new or expanding upon existing opportunities abroad – whether that be through export, joint venture / partnership, licensing technologies, accessing capital, etc.
econext has specific long-term programming around export to Caribbean markets and business development in Europe, but also works with its members one-on-one to assist them in:
Accessing sector and market relevant training and information
Making connections with other firms engaged in relative international business
Connecting with government officials, international trade officers, and others
Acquiring market intelligence and developing market/supply chain penetration strategies
Providing a series of supports in partnership with its broad network of local, national, and global partners
If you have any questions about membership benefits with econext, please contact us. We are always willing to chat about how we can best serve our members, so if there’s a benefit you think is missing, let us know!
econext (still NEIA at the time) is proud to have facilitated the Transition 2050 project throughout 2019 and 2020. Funded by the Federation of Canadian Municipalities and in partnership with Fundamental Inc., the project led a cohort of six NL municipalities through a climate action planning process – the target being a transition to net-zero greenhouse gas emissions by 2050. The process began by measuring the carbon footprint of each Town’s municipal operations, and the resulting action plans were kicked-off via a keystone project.
The video above highlights the solar energy projects undertaken in the Town of Bauline and the Town of Torbay.
Podcasts highlighting the initiatives of the other partner municipalities – Town of Stephenville, Town of Paradise, Town of Channel-Port Aux Basques, Town of Baie Verte – will be launched shortly.
Butland Communications is a nimble business consultancy with a proven reputation for advising leaders and helping develop solid relationships in complex situations.
