Worldwide, the clean technology sector is massive and growing, particularly in China, the US, India and Brazil. By 2020, the industry is predicted to be the third largest industrial sector in the world. Recognizing the economic and employment opportunities, governments have started to implement policy and investment changes to capture the economic and environmental benefits of the clean energy sector.
Denmark, a long-time leader in wind energy, derives 3.1 per cent of its gross domestic product from renewable energy technology and energy efficiency, or about $11.6 billion US. China has moved into the number two spot with clean technology accounting for 1.4 percent of it’s GDP and earning $64 billion. The growth of the clean tech sector in China is growing at 77 percent per year according to a 2011 report commissioned by the World Wildlife Fund.
And in 2009, the US government committed 66.6 billion to green stimulus funding and have experienced growth in clean technologies of 28 per cent per year since 2008.
Canada’s federal government lags well behind in investment in clean technology committing less than $1 billion to its development. Yet, despite the lack of public support federally, clean technology is a growing sector in the Canadian economy. In British Columbia, 200 clean tech companies provide over 8,000 jobs and represent over $1billion in revenues. In Ontario, the numbers climb to 2,800 environmental industry companies generating $7 billion in revenue and employing over 65,000 people. If we look at projections for the country on a whole, the clean technology sector is expected to grow 117% from 2010 to 2012.
Carbon Talks recognizes the role of the clean tech sector in increasing Canadian global competitiveness. We work with others to create an enabling environment for clean technology to flourish. We profile the leaders and their innovations and we support policies that will strengthen Canada’s position as a demonstration centre for clean technology products and services.