"Despite U.S. President Trump rolling back climate-friendly policies, the world is moving toward a cleaner, low-carbon economy and this represents a huge opportunity for Canadian companies," said Jacqueline Palladini, senior economist, The Conference Board of Canada. "Canadian innovators, investors, and producers can play a key role in helping the world's businesses decrease their carbon footprint and lessen adverse environmental impacts by capitalizing on their global export strengths."
- Global trade in climate-friendly technologies exceeds $250 billion each year.
- Canada has global export strengths in 17 climate-friendly technologies, in the areas of renewable energy, energy efficiency, and waste management.
- The 17 global export strengths identified in the report accounted for 76 per cent of Canada's climate-friendly goods exports in 2015.
However, global trade in climate-friendly technologies has been outpacing Canadian exports for some time, leading to a declining global market share. While Canada does lead the way on cleantech research undertaken by academic institutions, it has not been competitive in commercializing that research into market-ready technologies. Canadian climate-friendly businesses also face a highly competitive global market. Financing and funding is often more abundant in competitor countries, where more streamlined climate policies provide clear incentives that foster a thriving climate-friendly sector.
The report, Clean Trade: Canada's Global Opportunities in Climate-Friendly Technologies, assesses Canadian export strengths and performance in climate-friendly technologies and identifies 17 climate-friendly products and related services where Canada has a competitive edge, including:
- Renewable energy: photovoltaic system controllers, towers and clutches for wind turbines, photosensitive semiconductors, biomass gasification tanks, and solar collectors
- Energy efficiency: heating and cooling technologies and gas turbines (excluding turbo jets)
- Waste management technologies: large waste containers, wastewater filters, liners, and membranes used by oil refineries, landfills, and gas stations
A new interactive website identifies and compares Canadian export strengths at the provincial level. These strengths range from energy-efficient appliance parts in British Columbia to clutches and universal joints for wind turbines in Ontario. Jacqueline Palladini will host a live webinar on this subject on Wednesday, Sept. 27, 2017 at 2 p.m.
The report is published by the Global Commerce Centre, a Conference Board of Canada's research centre that provides evidence-based tools to help companies and governments respond successfully to the trends reshaping the global business environment.