Innovation Sandboxes.pdf

Canada's energy systems require transformation to meet net-zero emissions targets by 2050. Ontario has a history of energy innovation, but current policies and programs don't provide necessary support for new business models and services.

Innovation Sandboxes: These are policy tools that help overcome barriers to innovation in the energy sector. They provide a safe space for testing new approaches, informing policy and regulatory changes, and enhancing collaboration among stakeholders.

Key Components of Innovation Sandboxes:

1. Innovation Hubs: Collaborative platforms for sharing information and lessons among stakeholders.
2. Enquiry Services: Help innovators navigate the regulatory landscape and understand barriers.
3. Regulatory Trials: Allow for testing of new business models and regulatory structures in a controlled environment.

Goals of Innovation Sandboxes:

1. Increase collaboration and knowledge sharing.
2. Help innovators navigate the regulatory landscape.
3. Create space for safe real-world trials.
4. Inform policy and regulatory changes to remove barriers to innovation.

Ontario Energy Innovation Sandbox: The first in Canada, introduced in 2019, is undergoing renewal to better overcome barriers to achieving net-zero in Ontario. The sandbox aims to integrate updates and inform policy and regulatory changes to support low-carbon innovation in the energy sector.