Government and industry must work together to seize Canada’s opportunities in the global green economy

29
Government and industry must work together to seize Canada’s opportunities in the global green economy


OTTAWA, March 15, 2022 (GLOBE NEWSWIRE) — The transition to a global net-zero, low-carbon economy is underway and Canada must build the industries that will position the country for success. Otherwise, it risks being left behind by the strategic efforts of other countries, with considerable consequences for its future prosperity.

A new report released today, Canada’s Future in a Net-Zero World: Securing Canada’s Place in the Global Green Economy, explores how governments can take an industrial policy approach to ensure the country’s long-term competitiveness. The report was published by Smart Prosperity Institute, the Pacific Institute for Climate Solutions (PICS), and The Transition Accelerator.

According to the report, Canada’s existing clean competitiveness investments are spread too thin across different sectors, and often take the form of one-off grants to individual firms. Economic competitors like the European Union and Australia are currently a step ahead in using industrial strategy to position themselves in low-carbon sectors where Canada can lead. It is imperative that Canada take a more strategic approach to seize economic opportunities before global supply chains are fully formed.

“We’re in a race against other countries to position ourselves in quickly forming value chains in specific sectors where Canada can win economically,” said lead co-author Derek Eaton, Director of Public Policy Research and Outreach at Smart Prosperity Institute. “Only taking a strategic industrial policy approach will ensure we cement our place in the new world order.”

Governments can position Canada for economic success in the low-carbon economy by focusing efforts on top economic opportunities, such as manufacturing medium and heavy-duty zero-emission vehicles, producing low-carbon hydrogen and aluminum refining. As the report shows, to succeed, governments should create long-term strategies that integrate policy tools and support public-private partnerships to produce roadmaps to develop these key sectors.

“Above all, our report shows that Canada absolutely has what it takes to prosper in the green economy,” said lead co-author Bentley Allan, Resident Fellow at The Transition Accelerator and former Associate Director at PICS. “Now is the time for governments to work together with firms, investors and universities to develop roadmaps to focus existing funding streams and inspire new strategic investments in areas where Canada is well-positioned to succeed.”

In addition to calling for governments to focus their efforts on top priority areas for clean growth, the report also outlines Canadian strengths such as net-zero minerals, carbon accounting and our relatively clean electricity grid as enabling opportunities to position the country for success in the low-carbon economy. The report also lays out additional important opportunities where Canada can compete, such as net-zero mining, producing battery metals and more.

This research was supported by PICS and Ivey Foundation. The full report is available here.

For more information or to request an interview with one of the lead report authors, please contact:

Jess Harris
Director of Communications
The Transition Accelerator
437-227-6123
jharris@transitionaccelerator.ca

Mac Radburn
Communications and Outreach Officer
Smart Prosperity Institute
613-322-6631
mac@smartprosperity.ca


Disasters Expo USA, is proud to be supported by Inergency for their next upcoming edition on March 6th & 7th 2024!

The leading event mitigating the world’s most costly disasters is returning to the Miami Beach

Convention Center and we want you to join us at the industry’s central platform for emergency management professionals.
Disasters Expo USA is proud to provide a central platform for the industry to connect and
engage with the industry’s leading professionals to better prepare, protect, prevent, respond
and recover from the disasters of today.
Hosting a dedicated platform for the convergence of disaster risk reduction, the keynote line up for Disasters Expo USA 2024 will provide an insight into successful case studies and
programs to accurately prepare for disasters. Featuring sessions from the likes of The Federal Emergency Management Agency,
NASA, The National Aeronautics and Space Administration, NOAA, The National Oceanic and Atmospheric Administration, TSA and several more this event is certainly providing you with the knowledge
required to prepare, respond and recover to disasters.
With over 50 hours worth of unmissable content, exciting new features such as their Disaster
Resilience Roundtable, Emergency Response Live, an Immersive Hurricane Simulation and
much more over just two days, you are guaranteed to gain an all-encompassing insight into
the industry to tackle the challenges of disasters.
By uniting global disaster risk management experts, well experienced emergency
responders and the leading innovators from the world, the event is the hub of the solutions
that provide attendees with tools that they can use to protect the communities and mitigate
the damage from disasters.
Tickets for the event are $119, but we have been given the promo code: HUGI100 that will
enable you to attend the event for FREE!

So don’t miss out and register today: https://shorturl.at/aikrW

And in case you missed it, here is our ultimate road trip playlist is the perfect mix of podcasts, and hidden gems that will keep you energized for the entire journey

-

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More