Clean Technology News

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Ontario Leading the Way – Canada’s Cleantech Future Looks Bright
Published on: November 9, 2020

With 82,000 employees and annual revenues of $17 billion, Canada’s promising cleantech the industry is primed for growth, but its long-term strength depends on export sales.

Ontario leads the way with over $5.7 Billion in exports, accounting for 49% of national ECT product export. StatsCan estimates environmental and clean technology (ECT) activities accounting for $66 billion, about 3.2% of GDP. With Ontario, Quebec, and British Columbia accounting for 78% of the total.
The report identifies six key areas of opportunity;

  1. Electrification
  2. Transportation modernization
  3. Heavy industry decarbonization
  4. Innovations in agriculture and food processing
  5. Smart buildings and construction
  6. Energy storage

With four challenges discussed, summarized below:

  1. Inability to scale up
  2. Lack of strategic expertise in core areas
  3. lack of carbon-pricing alignment between federal and provincial governments
  4. Hesitant equity and institutional investors until proof of success in international markets

To get a deeper picture Read EDC’s report on the opportunities and challenges for Canada and the top players globally and at home.