$13M investment in clean technologies for a sustainable future

From: Canada Economic Development for Quebec Regions
Clean technologies / $13M in support to clean technologies / ced.canada.ca

Montréal, Quebec, July 23, 2020 – Canada Economic Development for Quebec Regions (CED)

Global demand for clean technologies is growing every year, and Canadian clean technology developers have clearly demonstrated their ability to develop market-driven innovations.

These innovations are also essential to ensuring Canada’s transition to a low-carbon economy and to helping other sectors become cleaner, while achieving better environmental outcomes and strengthening business competitiveness.

Making Canada carbon neutral by 2050

In December 2019, the federal government announced its goal to achieve a net-zero emissions target by 2050. Therefore, clean growth, one of the 13 objectives of this strategy, is at the heart of CED’s priorities. The goal is to strengthen the ability of Canadian businesses in the clean technology sector to develop and adopt these technologies and to access international markets.

With this in mind, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, has announced CED’s $12,545,298 investment in 30 projects relating to the adoption and development of clean technologies in Quebec. This investment will contribute not only to establishing a culture of innovation throughout the province, but also to the adoption and marketing of technologies and products and services that reduce environmental impacts.

By developing and adopting clean technologies, businesses are better able to control costs, meet new Canadian and international regulatory requirements, improve competitiveness and reduce greenhouse gas emissions.

The crisis we are experiencing is without a doubt an opportunity to rethink and optimize the way we do things. This historic turning point is an opportunity to accelerate the transition to cleaner energy alternatives as well as to integrate the green transition into businesses and organizations.

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