The federal government’s new climate plan is the most credible ever produced with the policies needed to meet Canada’s climate goals, but it will take accelerated policy implementation, massive private and public investment, and unprecedented technology deployment to actually achieve carbon emissions-reduction targets in 2030 and 2050, according to two independent think tanks.
Organization: Canada Infrastructure Bank
As the largest contributor to Canada’s greenhouse gas emissions, Alberta’s industrial strategy will play a crucial role in helping the country achieve its 2030 and 2050 Paris emissions targets, says a new report from the Business Council of Alberta.
Federal and provincial government investments totalling more than $1.3 billion to help steelmakers electrify their production facilities provide a major boost to the industry’s goal of net-zero carbon emissions by 2050, says the chief executive of the Canadian Steel Producers Association.
Catherine McKenna, former minister of environment and climate change and former minister of infrastructure and communities, spoke to Research Money about the outcomes of the COP26 climate summit, the federal emissions cap on the oil and gas industry, federal investment needed to ensure the country meets its emissions-reduction targets and her two “passions”: climate action and supporting women and girls.
In this week’s The Short Report, the Government of Alberta contributes $20 million for vaccine R&D, a Canadian Infrastructure Bank invests in Ontario’s energy grid, 5G wireless tech to increase safety and reliability in the mining industry, Palette Skills leads consortium to address talent gaps in a post-COVID economy, and more.
Government and business investment in electrical-grid connected battery energy storage is growing, driven by lower costs for the technology and Canada’s goal of achieving net-zero emissions by 2050.
Genome Canada launches a SARS-CoV-2 data portal to consolidate variants of concern data in one place, Calgary’s Suncor Energy invests in carbon capture technology to offset GHG emissions, Government of Canada invests $185 million in an agricultural program to share best practices for storing carbon, and more.
Michael Sabia is the new deputy minister of Finance; a consortium of food-based businesses will test new applications for pulse flours; British-based Hg Capital will spend $1.1 billion to assume majority control of Calgary-based Benevity; Canada’s top 50 research universities posted a combined research income of $8 billion in fiscal 2019.
The U.S. State Department warned it will reassess its intelligence-sharing arrangement with Canada if Huawei is allowed to participate in building Canada’s 5G network. “We in the U.S. government have made it very clear to all of our friends and allies around the world that if Huawei is allowed into a country’s national security systems, we will…
Microsoft is partnering with Invest Ottawa and the Bayview Yards business accelerator to offer technical and business resources to entrepreneurs. Called Microsoft for Startups, the program gives innovative Ottawa companies access to its cloud services, enterprise sales team and partner ecosystem. – Ottawa Matters Canada Infrastructure Bank CEO Pierre Lavallée signalled the bank is considering an investment…