When funding some green initiatives, it’s time to get creative with the public’s money
Thursday, June 10th, 2010My Clean Break column in this week’s Toronto Star looks at the way public money is being spent on green energy initiatives in Ontario. I basically give a thumbs up on grants that help to link up the province’s schools with new made-in-Ontario clean technologies that help reduce energy use or promote renewable energy. The money is well spent: it helps schools become greener and lower energy bills, and it helps local companies without a product track record get some experience in the field that can be leveraged in the marketplace.
I’m less keen on the way money is handed out for fairly straight-forward energy retrofits. For example, the province has committed $550 million to help public schools become more energy efficient over the years. But rather than simply hand over that money, why wasn’t it set aside in a revolving fund that instead offers low-interest loans to school and long-term payback terms. The idea here is that schools could pay off the loans over several years through energy savings, keeping the fund in tact. Over 10 years, such a fund could invest three times its original amount. In other words, it’s not a one-time gift but instead the gift that keeps on giving.
When we’re dealing with such low-hanging fruit — i.e. energy efficiency projects using well proven approaches and technologies — why can’t we be more creative with public money, especially when it’s being spent on municipal, hospital, school and other public buildings?

The Canadian Association of Petroleum Producers has 
The headline speaks for itself, but I wanted to point you to this article
Tyler Hamilton is editor-in-chief of Corporate Knights magazine and a business columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the clean technology and green energy market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.