Partnership will create a strong market demand for emerging cleantech while showcasing Canada's climate leadership on the world stage
From cleaner air to well-paying jobs, clean technologies lay the foundation for a stronger, greener and more sustainable economy that creates opportunities for all Canadians. The Government of Canada is firmly committed to building partnerships to strengthen cleantech innovation and adoption at home and abroad, positioning Canada as a world leader in the emerging low-carbon economy, and meeting our emissions reduction targets of 40% below 2005 levels by 2030 and net zero by 2050.
Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced that Canada is joining the First Movers Coalition (FMC) as a government partner. This global initiative uses the purchasing power of businesses worldwide to decarbonize high-emitting industries.
The FMC was launched by U.S. President Biden at the 2021 United Nations Climate Change Conference in Glasgow, Scotland. It provides a platform for international businesses to work collectively to create a powerful market demand for cleantech solutions, sending a clear signal to industry to scale up emerging technologies needed for the shift to net-zero carbon emissions.
Canada's participation in the FMC is aligned with the government's commitment to advance the adoption of clean technologies and to forge ahead on the path to industrial decarbonization. For example, in November 2022, the government announced the release of the Roadmap to Net-Zero Carbon Concrete by 2050, a joint initiative of the Government of Canada and the Cement Association of Canada to support the cutting of carbon emissions from the cement and concrete industry. The announcement coincided with the launch of the FMC's own cement and concrete pledge at the 2022 United Nations Climate Change Conference. The pledge committed industry members to dramatic carbon reduction measures.
The FMC represents a valuable opportunity for Canadian cleantech entrepreneurs to display their leadership on the world stage, and it will enable a wide range of Canadian businesses to access the cleantech solutions they need to achieve their net-zero goals and build the clean and profitable supply chains of the future.
Through its partnership with the FMC, the Government of Canada is affirming its promise to protect our environment, advance our vital climate objectives and progress toward a sustainable economy while creating global opportunities for Canadian cleantech companies.
