Canada's Clean-Tech Race
Canada's transition to a low-carbon economy is inevitable, with the question being who will lead and who will follow.
A clean-energy revolution is on the horizon for Canada, but policy alone is not enough to achieve it. Private capital, innovation, and Indigenous partnerships are necessary to move forward.
- Global investment in clean energy has surpassed $2.1 trillion in 2024, according to the International Energy Agency (IEA).
- Canada's private investment per capita lags behind OECD peers like Germany and South Korea.
The US Inflation Reduction Act is redrawing North American supply chains, with companies like Stellantis investing $13 billion in US expansion, potentially shifting production and talent away from Ontario.
Every delayed project represents jobs, innovation, and talent leaving Canada.
Author's summary: Canada needs private investment to lead the clean-tech race.