More than 130 leading entrepreneurs want the federal government to end what they call a “patchwork” approach to innovation.
Topic: Climate Change
The federal government needs to invest more strategically in clean technologies and improve data gathering to support climate goals, clean economic growth and Canadians’ well-being, says a new report by the Canadian Institute for Climate Choices. Yet despite several challenges which include COVID-19, Canada’s clean tech industry continues to grow, speakers told Sustainable Development Technology Canada’s annual meeting.
The COVID-19 pandemic’s short- and long-term impacts on Canadian innovation will be “mixed,” with new opportunities but also negative consequences, academic experts told a webinar presented by the Munk School of Global Affairs and Public Policy.
Volatility in the oil market is shifting the financial calculus for institutional investors, for whom renewable projects are starting to look more and more like the safer bet.
A growing number of Canadian universities, including some of the country’s largest, are significantly reducing the industrial carbon in their investment portfolios, a R$ survey shows. Less than a handful of universities are divesting specifically from fossil fuel holdings, but many schools also are using a “responsible investing” approach which considers environmental, social and governance factors.
The Canada Pension Plan Investment Board, which manages the CPP’s $420-billion portfolio, should immediately divest from all fossil fuel holdings in response to the climate emergency and to reduce financial risk for current and future CPP recipients, says the lead author of a Canadian Centre for Policy Alternatives report.
Canada’s forest industry is tapping innovation with the aim of growing the nation’s GDP while slashing carbon emissions. Federal government funding and policy support for the innovation drive has been strong, say industry executives and innovation leaders. But more effort is needed to improve procurement programs and regulations, especially for biochemicals and biomaterials.
New federal funding aimed at increasing Canada’s resilience to wildfire comes after a steep, 40-year decline in wildfire science and research. With hundreds of forest communities at risk from wildfire, the funding is encouraging but will need to be increased and sustained to make a difference, forest experts say.
Prime Minister Justin Trudeau’s pledge to plant two billion trees to help reduce Canada’s greenhouse gas emissions is more complex than it sounds. The effort will need to be carefully planned and executed to ensure the trees not only survive but don’t become a future wildfire hazard, forest experts say.
Alberta and Saskatchewan partner on a feasibility study of commercial-scale carbon capture and storage at a cement plant — a North American first for the cement industry.