The global demand for clean innovation – new technologies, products and practices that improve environmental performance – is rapidly growing. Accelerating the pace of clean innovation in Canada is not only an important tool for meeting climate and environmental goals, it also represents a critical economic opportunity across all Canadian sectors.
Canada’s cleantech sector can tap into a fast-growing global market that is expected to be worth as much as C$2.5 trillion by 2020. Resource and manufacturing sectors can also gain market advantage through clean innovation. For example, McKinsey estimates that improvements in energy and resource efficiency will represent a C$3.8 trillion economic opportunity by 2030.
This research initiative seeks to define the clean innovation opportunity, evaluate the strengths and weaknesses of Canada's performance, and to identify the key opportunities for public and private actors to accelerate the pace of clean innovation.