OTTAWA, April 19, 2016 /CNW/ - The Honourable Jim Carr, Canada's Minister of Natural Resources, the Honourable Catherine McKenna, Canada's Minister of the Environment and Climate Change, and the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, today acknowledged the release of Analytica Advisor's Canadian Clean Technology Industry Report. The report provides a snapshot of the global clean technology landscape and how the Canadian clean technology industry contributes to it, and recommends actions to help support the sector.
The Government of Canada is already addressing many of the report's recommendations. In Paris, alongside 194 other countries, Canada agreed to take steps to support the transition to a global low-carbon economy. In partnership with provinces and territories, the Government is now developing a pan-Canadian Framework on Clean Growth and Climate Change.
Canada has also joined Mission Innovation in which twenty governments have agreed to double their respective investments in transformative, clean energy research and development over five years, encourage private sector investment in clean energy technology, and increase collaboration among participating countries.
In Budget 2016, the Government is supporting these commitments with series of strategic investments that will help Canadian companies increase their competitiveness, excel in the production of clean technology and capture their share of this growing global market.
The Government of Canada will continue to support a clean growth economy that will help Canada take advantage of new global opportunities. Support for clean technology will diversify Canada's economy, open access to new markets, reduce greenhouse gas emissions, and create good, well-paying jobs for Canadians.
"We plan to invest almost $200 million in clean technology research and development because we understand its important role in Canada's transition to a lower-carbon economy. Investments like these help bring clean energy technologies closer to commercialization, reducing the environmental impacts of energy and creating clean jobs."
The Honourable Jim Carr
Canada's Minister of Natural Resources
"Our government believes that protecting the environment and growing the economy go hand in hand. That is why we are committed in making Canada a leader in the changing economy by focusing on innovation and clean technologies as a central part of our plan to transition into the economy of tomorrow."
The Honourable Navdeep Bains
Canada's Minister of Innovation, Science and Economic Development
"We know the environment and the economy go hand in hand. That is why the federal government has committed to supporting clean economic growth: to tackle climate change while creating good, well-paying jobs. As the world moves towards a more sustainable, low-carbon economy, Canadian companies have a tremendous opportunity in front of them. I am confident that, through the ingenuity and resourcefulness of Canadian entrepreneurs, our investments will be a springboard for success."
The Honourable Catherine McKenna
Canada's Minister of the Environment and Climate Change
Budget 2016 – Support for an Innovative and Clean Economy
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SOURCE Natural Resources Canada
For further information: Laurel Munroe, Director of Communications, Office of the Minister of Natural Resources, 343-292-6837; Media Relations, Natural Resources Canada, Ottawa, 343-292-6100