With this post, OCTIA is pleased to bring back the latest report from Innovation, Science & Economic Development Canada (ISED) on global clean technology economic activity!

This industry-informed (including by OCTIA members Morgan Solar and Enbridge) report is a vital reference for all of us in the industry as we advocate for CT’s place in policy and program priorities, and among investors as well. It is best to reinforce points already well made and supported in the public domain, and this report is comprehensive enough to continue to serve us well.

Key excerpts include:

• In 2025, clean technology is one of Canada’s top five exporting industries, nearly tripling current value to $20 billion annually in exports.
• Global clean technology activity is expected to exceed $2.5 trillion by 2022.
• The report has six proposals to take full advantage of Canada’s clean technology economic potential:
  • Develop an agile, high-performing regulatory system
  • Accelerate the growth of Canada’s leading clean technology firms by addressing the gaps in scale-up finance, and implementing the Own the Podium signature initiative
  • Drive clean technology adoption by having government be a lead buyer and incentivizing industry procurement
  • Seize domestic and international clean technology opportunities where Canada has strengths, and enable access to global climate finance
  • Grow jobs by expanding skills development and enable meaningful diversity and inclusive target-setting though increased access to data
  • Engage with Indigenous communities to create opportunities for partnership and co-development of clean technology initiatives

A small note: Use this link to download the English-language pdf report as ISED put the French version on the English page, and vice versa….