Critical Next Steps to Ensure Canada’s Future Competitiveness

March, 2023

Canada needs a smart response to the U.S. Inflation Reduction Act and the EU’s Green Deal Industrial Plan. This will require more than just subsidies in the same old industries: we must make sure that the public money that has already been offered is used wisely to develop supply chains and attract the private funding required to compete. To achieve this, Canada needs a net-zero industrial policy that will help it strategically compete in sectors where it has substantial economic potential in order to develop a prosperous future.

Critical Next Steps to Ensure Canada’s Future Competitiveness looks at key elements of a net zero economy and how to set effective strategic goals for public-private partnerships to build economic prosperity. The global net-zero challenge is no longer just about emissions—it is the dominant global driver of future competitiveness.

About the Authors

Cite as: Allan B. and Eaton D. (2023). Critical Next Steps to Ensure Canada’s Future Competitiveness. Transition Accelerator. Version 1.