Inlandsis awarded Envirolys prize for green economy development
Montreal, November 19, 2019 – Fondaction received the 2019 EnviroLys Award, in the Supporting the Green Economy category for the creation of the Inlandsis Fund, the first Quebec fund to finance carbon reduction projects. The 10th edition of the Envirolys Gala, organized by the Quebec Council of Environmental Technology Companies (CETEQ), took place on November 18, in Montreal.
Created in 2016 by Fondaction and Coop Carbone, Inlandsis offers a unique financing solution, providing upfront financing for capital and operating expenses, as well as carbon project development costs. Inlandsis takes construction, operation and carbon market risk in return for a share of the carbon credits or cashflows from a project. The Fund is comfortable with a variety of financing structures, including prepayments, and is able to quickly close investments.
For 10 years, the EnviroLys Gala highlights the expertise of the green economy, entrepreneurship and innovation in the environmental services industry. Prizes are awarded in eight categories. The Supporting the Green Economy category rewards an organization that has stood out for the quality of its approach, innovation and support for the environmental services industry.