The Cleantech Advantage
‘Cleantech’ is an overarching classification of technologies that cut emissions and reduce the consumption of natural resources. The development of cleantech is touted as one of the most effective ways to tackle climate change. Globally, it is already a trillion-dollar industry, gaining significant traction in recent years. Cleantech research by Eco Canada states that investments, activities, and jobs in clean technology are expected to grow further, likely exceeding $2.5 trillion by 2022. Canada’s cleantech sector ranks 4th in the world and now leads the G20 countries according to the 2017 Global Cleantech Innovation Index. Canada is a strong innovator and producer of cleantech solutions and is well positioned to seize opportunities both domestically and internationally. Cleantech is playing a critical role in Canada’s transition into a low-carbon economy.
Canada’s Commitment to Cleantech
Canada is supporting clean technology growth across the economy by allocating funding for various programs including the following funds:
- Low Carbon Economy Fund – leveraging investments in projects that will generate clean growth and reduce GHG’s
- Strategic Innovation Fund – supporting firms of all sizes across all sectors through R&D, growth, expansion, large scale investments, and advanced industrial research
- Sustainable Development Technology Canada (SDTC) SD Tech Fund – supports the development and demonstration of pre-commercial cleantech
- Impact Canada: Clean technology – innovative funding approaches to solving Canada’s big challenges.