Enhancing Fairness Through a Social Contract by Mary Spaan PDF

By Mary Spaan

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GMF is managed by FCM and operates at arm’s length from the federal government. FCM annually commits between CDN $65 million and CDN $90 million in low-interest loans and grants through GMF for initiatives that will significantly benefit the environment and are also likely to improve local economies and quality of life. Through GMF, FCM provides below-market loans and grants, as well as knowledge sharing and capacity building activities to support municipal initiatives that improve air, water and soil quality and protect the climate.

1007/978-81-322-1964-4_4, © The Author(s) 2014 27 4 NCEF: Aligning Activities with the Objectives 28 the nature of barrier removal and market penetration for large-scale deployment. Alternatively, it could support an initiative focussing on R&D come pilot demonstration with relatively less focus on innovative deployment and market penetration projects. A number of factors will determine the sequencing and relative weights of these activities. A further discussion on these is provided later in this chapter.

5 By working with highly qualified investment firms, each with their own investment expertise, CalCEF takes a blended approach to the market that mitigates risk and maximizes returns. The goal is to support a wide range of opportunities, including both laterstage and early-stage opportunities, where CalCEF funding will make a difference. • CalCEF Clean Energy Angel Fund6: It is the first seed stage-focused investment vehicle in the clean energy market. The Fund is designed to address a persistent and increasingly significant problem in the clean energy industry—the absence of funding for companies at the earliest stage of their development, the so-called valley of death problem.

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