Opinion: Canada needs a more strategic approach to build out the net-zero economy

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Canada needs a more strategic approach to build out the net-zero economy

. These cannot be understood or planned in silos. Moreover, government investments by all departments need to support Canada’s legislated commitments to clean electricity, electric vehicles and heavy-duty trucks. Investing billions of dollars with no connection to clear outcomes is a poor way to spend public funds.

The federal government can build on its successes in the electric-vehicle supply chain by developing sectoral and regional strategies in high priority sectors. The government has nascent strategies for hydrogen and cement, but we also need action on steel, aluminum, buildings, low-carbon agriculture and value-added forestry.

This doesn’t need to be, nor should it be, a top-down approach. Rather, Canada’s regional development agencies should partner with the provinces to forge strategies, and use their independent statuses to drive them over the long-term. These plans will help public and private finances be actively deployed. Existing funds are largely passive – they wait for applications from firms . And even when the federal government develops sectoral approaches, as in the case of hydrogen, they lack a strategic focus on getting to net zero.

 

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“Net zero” - you mean like a country that absorbs more carbon than it emits because of its boreal forests - like Canada for instance? Liberal solution to a problem that doesn’t exist in Canada? TAXES!

Funny thing is Canada has a net-negative economy. Boreal forest cleans/stores more CO2 than Canada produces.

We are 1.6% of world emissions, so even at net-zero it is negligible! It's China, India, Russia and the US that have to change!

We need more nuclear power not more of this gibberish.

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