Canada's Climate Competitiveness Strategy
Canada's federal government is set to deliver its budget, which is expected to include a climate competitiveness strategy to help Canadian industries compete in a world transitioning to clean energy and electric technologies.
The strategy aims to support economic growth while reducing emissions and competing in markets beyond the United States, particularly in the European Union, the U.K., and China.
Success in these markets will be critical for the prime minister's goal to double non-U.S. exports.
- The European Union, the U.K., and China have taken strong action to accelerate the shift to renewables and electric vehicles.
- According to the International Energy Agency, two key data points will be crucial in assessing the strategy's effectiveness.
Author's summary: Canada needs smart policy to support economic growth and reduce emissions.
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