Accelerating the transition to a low carbon economy to combat climate change is an international priority — and a potential driver of innovation and economic opportunity for Canadians. Canada’s new Prime Minister is positioning Canada to be a leader on climate change and in the fast-growing global clean tech economy. Last year he committed to invest an additional $20 Billion over ten years in green infrastructure. In Budget 2016 the government announced many measures defining a new “clean growth” industrial policy to help this transition, including:
- $280 million to support clean tech innovation and development across Canada.
- $120 million in cleaner transportation & electric charging/alternative refuelling stations.
- $50 million more for the Tech Fund in Sustainable Development Technology Canada.
- $86 million for energy efficiency and renewable energy development.
Renewable energy projects generate more jobs per unit of energy than fossil fuels, and the cost has become comparable. BC is a leader in “passive house” building standards which in new construction can eliminate the need for heating fuel; electric vehicles are an increasingly viable choice; zero waste has become an achievable industrial objective; and “smart” technologies dramatically lower resource use and waste. With the federal government now on board, Canadian companies can seize the opportunity to be leaders and thrive in this growing global marketplace.