Ocean Mist

Issues and trends shaping our environment, health and economy

11 Dec 2019

Smarter, greener prosperity

Posted by Michael Keating

Canada has a trillion-dollar opportunity if it moves quickly to a build a low carbon, high performance economy. In a letter to the country’s first ministers, the Smart Prosperity Institute said: “Becoming a leader in clean performance and innovation will strengthen our competitiveness, attract capital, generate good jobs, and improve Canadians’ quality of life…” It said, “Building a low carbon, high performance economy is a vital environmental responsibility.” It added, “The shift toward a low-pollution, innovative, resource-efficient economy is the opportunity of the century.” The letter was signed by 26 people including executives from an oil company, a bank, an insurance organization, a consumer products giant, labour, indigenous and environmental leaders. The institute, a national research network and policy think tank, produced a report called 8 Reasons for Canada to Transition to a Clean Economy Now. It calls for green infrastructure and procurement, better environmental regulations, clean investment, smart tax incentives for clean technology and purchases, investments in natural capita and in education and skills for people to work in clean economy jobs, a “clean competitiveness roadmap” for a path to a low emission economy and exporting Canadian clean technologies. The 26 leaders say Canada needs to do more to take advantage of the growing shift towards emissions-free vehicles, greener energy, cleaner industrial production, and smarter, more efficient buildings. Their letter is also a call for national unity at a time when some provinces, particularly Alberta and Saskatchewan are fighting with the federal government for the right to expand fossil fuel production even though the country, along with most of the world is pledged to reducing greenhouse gas emissions. Annette Verschuren, a business executive and signatory of the letter to first ministers, said the energy sector will have to move to lower-carbon production and extraction methods that will open new markets.

Comments are closed.