Canada and the U.S. are Falling Short on Capitalizing and Competing in Clean Energy

In Competing in Clean Energy, Capitalizing on Canadian innovation in a $3 trillion economy, the Pembina Institute identifies two main challenges to clean energy entrepreneurship in Canada: the lack of stable, long-term government policy and difficulty accessing capital. The report states that jobs in Canada’s cleantech sector grew by 11%, and the industry invested almost $2 billion in research and development between 2008 and 2010. Yet, “With the Harper government’s focus set on accelerating development of Canada’s fossil fuel commodities – from oilsands to shale gas and coal – Canada is currently capturing just one percent of the thriving clean energy market.” Three main opportunities for support for clean energy entrepreneurship in Canada were identified: develop a set of specific federal financial tools to encourage clean energy entrepreneurship; engage in the development of a national energy strategy; and send the right price signals.

 

Although the Pembina Institute sees the U.S. as one of the countries outstripping us in the cleantech sector, a new report commissioned by the Pew Charitable Trusts states that the U.S. is missing the boat on clean energy investment. The study developed projections of how much clean generating capacity has been deployed in the United States and globally over two time periods: 2009 to 2011, and prospectively from 2012 to 2018. The report provides a number of policy recommendations to improve the situation.

 

LINKS:  

Competing in Clean Energy, Capitalizing on Canadian innovation in a $3 trillion economy. Report and executive summary: http://www.pembina.org/pub/2406

 

Innovate, Manufacture, Compete: A Clean Energy Action Plan

is available from the Pew Charitable Trusts at: http://www.pewenvironment.org/news-room/reports/innovate-manufacture-compete-a-clean-energy-action-plan-85899443754

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