Leading Experts Weigh In On Growing Canada’s Cleantech Sector Post Covid-19

cleantech canada growing sector covid
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Leading Experts Weigh In On Growing Canada’s Cleantech Sector Post Covid-19

TORONTO, ONTARIO, CANADA - 2018/05/21: Aerial view of Lakeshore Boulevard including the Toronto Wind ... [+] Turbine. WindShare's ExPlace wind turbine was erected on December 18, 2002. (Photo by Roberto Machado Noa/LightRocket via Getty Images) According to the latest figures from the Cleantech Group, Canada's position in the Global Cleantech Innovation Index has risen from 7th in 2014 to 2nd in 2021. Backed by strong government funding and an innovative startup ecosystem, a growing number of Canadian cleantech companies have started to develop viable commercial products across various sectors such as mining, electricity grid management and consumer electronics in recent years. At a time when major economies are looking to reduce their GHG emissions and begin the recovery from Covid-19, Canada's cleantech sector could play a significant role in the transition to a low-carbon economy and help stimulate growth. According to a new Clean Energy Canada report, cleantech jobs are projected to grow almost 50% by 2030, and in the global market where cleantech products continue to see demand, the export-oriented nature of the industry could allow Canada to position itself competitively in tomorrow's economy. Despite the potential for growth and impact on the Canadian economy, the ongoing Covid-19 pandemic…