Canada needs a trade diversification strategy that builds on our strengths in natural resources, midstream processing, and clean technology production, while positioning us to succeed in the future economy.
In their new report, Bentley Allan (VP Future Economy, The Transition Accelerator) and Dave Sawyer (Principal Economist, EnviroEconomics) argue that investing in clean energy supply chains is in itself a trade diversification strategy—and that boosting these investments can help address Canada’s economic, geopolitical, and climate imperatives all at once.
Exports in clean energy supply chains have grown 21% faster than all other exports over the past five years, and they’re growing faster with partners outside of the US. In other words, they are already diversifying our economy—and with a targeted industrial strategy, they could help Canada unlock a $600 billion annual export opportunity by 2035.
