With Canada and Europe facing major challenges to their industrial base, the deepening economic relationship between the two in the “Alliance for the Future” presents an opportunity for shared prosperity and strategic resilience. Making the most of the opportunity will require innovative thinking to harness the power of partnerships.
In Anchoring Demand, the Transition Accelerator and the Clean Technology Partnerships Initiative look at three industries where economic importance and energy security overlap — identifying rare earths, battery materials, and grid equipment as top priorities for collaboration — and outlines the kinds of collaborative tools that can grow those sectors in Canada and the EU. The most powerful tool is government-guaranteed demand, with offtake agreements, pooled markets, and aligned product standards as key measures.
Neither trade measures nor unilateral action alone will be enough to guarantee the Alliance’s aims of economic growth and improved resilience. But a greater focus on joint execution guided by smart policy and strategic government support can help the two partners secure their place in global clean technology supply chains.
