Canada’s cleantech economy suffering from too many recommendations, not enough action
Ottawa’s Net-Zero Advisory Body came out last week with 25 recommendations for resetting the national economy for a low-carbon future., such as setting net-zero competitiveness goals, sharpening public investment funds to align with low-carbon industrial policies, and launching a power-grid council to co-ordinate the transformation to clean electricity across the country. Some of the advice is new, and some has been given in other forms by other panels for other initiatives.
Alongside such ambition is the need to cultivate industries and projects necessary to help the country hit its net-zero targets, while flourishing in the export markets – topics on which the Net-Zero Advisory Body, or NZAB, concentrates. A frequent trouble spot is Canadian tech and cleantech stalling out at the commercialization stage, where it either gets bought by foreigners or withers on the vine. Now, a cornucopia of green incentives provided in the U.S.
Certainly, interprovincial trade barriers and lengthy and complicated regulatory processes for major infrastructure projects are age-old sticking points that still hinder progress, as does federal-provincial friction on areas such as resource development and emission-reduction targets. Perhaps it’s because there is a pile of panel reports, starting with the Advisory Council on Economic Growth, chaired by Dominic Barton, in 2016. The government set up economic strategy tables, which held meetings between dozens of chief executives and bureaucrats in 2017 and 2018. The talks focused on a number of key sectors, including cleantech and “resources of the future.
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