What is clean technology?
Clean technology is broadly defined as any process, product, or service that reduces negative environmental impacts: through environmental protection activities, through the sustainable use of natural resources, or through the use of goods that have been specifically modified or adapted to be significantly less energy -or resource- intensive than the industry standard.
Clean technology and the energy sector overlap with certain technologies, including renewable / non-emitting energy technologies like solar, wind, hydro, wave, tidal, geothermal, biofuels, biomass, nuclear, carbon capture and storage, transmission technologies like smart grids and energy storage, and energy efficiency technologies like green buildings and co-generation.
The most common applications are found in manufacturing, mining, oil & gas, transportation, power generation, water, agriculture, recycling and other energy efficiency activities.
A company that invents, builds, assembles or services a technology – be it hardware/equipment, software/information technology (IT) or a consulting service – that protects the environment, efficiently uses natural resources, or saves energy or natural resources is considered part of the clean technology sector.
Canada’s Cleantech and Innovation Strategy and what it means for EU companies in the context of CETA
Canada is one of the fastest growing markets for clean energy and clean technologies. According to Canada’s Department of Environment and Climate Change, Canada’s clean energy sector has 20 times as much wind energy capacity and 125 times as much solar electricity capacity as it did a decade ago.
Canada’s Innovation and Skills Plan includes investments of nearly €923.78 million ($1.4 billion) in new financing on a cash basis. Funding is being allocated through the Business Development Bank of Canada and Export Development Canada. Under CETA, EU exporters of cleantech products and services can take advantage of opportunities created from the agreement over competitors based in countries that do not yet have a preferential trade agreement in force with Canada. The agreement eliminates all Canadian tariffs on EU cleantech products and gives EU firms access to regional and municipal procurement.
A Practical Guide to the Canadian Clean Technology Market for European Union Companies is available below. It was commissioned by the EU Delegation to Canada in the context of the CETA Market Access for EU business project, funded by the Partnership Instrument of the EU.
Cleantech Guide for EU Companies.pdf