Growth of Canada’s Clean Tech Sector

The fourth annual Canadian Clean Technology Industry Report by private consulting company Analytica Advisors was released on March 6 in Ottawa, stating that the clean-tech industry is “coming of age”. According to the report, the industry is comprised of over 700 Canadian companies which in 2012 generated $5.8 billion in exports, spent $1 billion in research and development, and created 41,100 new jobs across Canada. Twenty percent of the workforce in the sector is 30 years old and under. The survey authors predict that, at current growth rates, “this will become a $28 billion industry by 2022, employing over 75,000”. The clean tech industry has benefited from government investment of $598 million in 246 projects through the Sustainable Technology Development Fund and the NextGen Biofuels Fund, both administered by Sustainable Development Technology Canada (SDTC).

LINKS

Press release re Canadian Clean Technology Industry Report is at: http://analytica-advisors.com/sites/default/files/2014%20Canadian%20Clean%20Technology%20Industry%20Report%20Analytica%20Press%20Release%20March%206th%202014%20SHORT_EN_Final.pdf.

The Table of Contents is at: http://analytica-advisors.com/sites/default/files/CTIR_TOC_2014.pdf, indicating the level of detail of the survey, but the full report is available only for sale at $2,500.

Sustainable Technology Development Canada website is at: http://www.sdtc.ca/index.php?page=alias-3&hl=en_CA (English), and http://www.sdtc.ca/index.php?page=home&hl=fr_CA (French); their Knowledge Centre has an archive of reports on the sector.

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