Traditional industries like cement, steel, timber, mining, and construction need to survive, adapt and innovate to stay competitive in a world of trade disruptions and economic pression.
Investing in the clean economy is now key to staying ahead. Clean technologies and products are attracting investors and priority from trade partners.
- Investment in the clean transition is now doubling fossil fuel investment.
- Growth in low carbon technology investment is outpacing all other Canadian investment.
- Canada’s top trading partners outside the U.S are prioritizing low-carbon imports.
Canada already has a competitive edge in low-carbon production thanks to federal and provincial efforts to decarbonize electricity and industry-led innovation across supply chains.
Indigenous communities and knowledge are also a source of competitive strength. Early engagement, equity participation, and Indigenous procurement de-risk projects, strengthen environmental protection, and improve investor and regulatory certainty.
Here’s how Canada can build on our strengths to boost our competitiveness, creating jobs and opportunities here at home.
- Buy Canadian to build Canada and close loopholes and limit high-carbon imports by requiring projects to meet domestic and environmental criteria, and ensure Indigenous inclusion.
- Unlock capital by implementing a suite of clean economic investment tax credits.
- Create certainty and clarity by developing clear investment guidelines and language.
- Establish new guidelines to increase sustainable investment in key sectors.
- Issue new transition and green bonds that use federal funds to leverage private investment to help traditional sectors become cleaner, more competitive and more resilient.