It’s widely recognized that Canada is pretty darned good at the research and development of innovations, including those in clean technology arena, but fails when it comes commercializing cleantech. Budget 2017 is attempting to fix what Canada doesn’t do well with both money and new approaches.
The federal government remains committed to innovation in the clean technology arena believing that it can not only reduce greenhouse gas emissions and act as a key plank to its climate action plans but also create jobs and grow the economy. Budget 2017 includes a number of measures aimed at encouraging more innovation in the cleantech area, while offering resources to get products and services to market.
Reducing Indigenous, rural and remote communities’ reliance on diesel fuel for electricity and heating is getting more money from the federal government. Budget 2017 is allocating approximately $640 million for these efforts.
The third annual Berlin Energy Transition Dialogue kicked off earlier this week with a discussion of how reducing emissions can grow the economy (more HERE). It continued on March 21 with a session of international leaders on using policy to attract investment.
For all the talk of renewable energy gets in Canada, particularly its role in being able to reduce greenhouse gas emissions and clean the electricity grid even further, there is very little of it when it comes to role advanced nuclear energy could play. Simon Irish, the chief executive at emerging nuclear energy company Terrestrial Energy Inc., says that needs to change.