Canada is risking a loss of over C$50 billion in the clean tech sector. This is due to a delay in implementing incentives designed to promote such technologies. The incentives are in limbo and the money at stake could instead support oil, gas, and coal projects.
The country is a major exporter of these fossil fuels. As global pressure increases to phase out these energy sources, Canada’s financial exposure is growing.
Currently, a lack of clarity regarding future policies is discouraging companies from investing in clean technologies. Until this issue is resolved, the future of Canada’s clean tech sector remains uncertain.
Read source article here:
https://www.reuters.com/sustainability/climate-energy/canada-risks-more-than-c50-billion-clean-tech-incentives-limbo-2023-09-18/
