Absolutely, thank you for the question.
I mentioned the idea of public backstopping through institutional mechanisms like CMHC for the recovering economy. That's a domain called blended finance. Blended finance is like what the World Bank does when it stands to take up the part of the risk the private sector will not take. In developing countries, the World Bank provides that mechanism, and there are countries that have for years done an excellent job at mitigating the part of the financing the private sector will not take up.
Examples of countries that do that really well are Germany, Japan, and to some extent the Netherlands. These are all countries that have institutional mechanisms. In Germany, there is the KFW, which is like a combination of CIDA, EDC, BDC, and what some people call a development finance institute. It brings all those things together, and it's one of the reasons why Germany is so successful as a major exporter of solar panels and other forms of clean technology.
Denmark is a country that has also realized that one of the specific characteristics of clean technologies is very high capital. Denmark has developed a program within its export credit agency, our equivalent of EDC, whereby it will backstop what the private sector will not be able to backstop.