Transforming to low carbon economy - Canada - march 2017
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This presentation looks at issues facing Canada as it looks at expanding clean technology investment in Canada. Clean technology is becoming key sector for many countries. The problem is there needs to be a balance
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Transforming to low carbon economy - Canada - march 2017
- 1. Transforming to Low Carbon Economy – Canada – March 2017 BY: PAUL YOUNG CPA, CGA DATE: MARCH 23, 2017
- 2. Paul Young – Bio • CPA, CGA • 26+ years of Corporate Finance and Business Solutions • Risk Management • Close, Consolidate and Reporting • Financial Performance Management • 11+ years of analyzing government policies • 8+ years in academia • Advance Accounting • Advance Management Information System • Public Finance • Advance Finance • Audit Risk and Controls
- 3. Agenda • What is low carbon economy? • Carbon based Products • Emissions by Sector • Clean Tech vs Raw Materials and Finished Goods • Cleantech investment • Summary
- 4. Low Carbon Economy • A low-carbon economy (LCE), low-fossil-fuel economy (LFFE), or decarbonized economy is an economy based on low carbon power sources that therefore has a minimal output of greenhouse gas (GHG) emissions into the biosphere, but specifically refers to the greenhouse gas carbon dioxide.
- 6. CO2/Industry
- 7. Financial Post – March 13, 2017
- 8. Canada Economy Stats Canada GDP Trade Balance Manufacturing Sales
- 9. Clean Tech / Canada • Total Cleantech $50B • Annual Growth $4B/year • 80% exports or about $40B Finished Goods $318B+ • Annual growth 1-3% • 84% exports or about 264B Raw Materials $325B+ • Annual growth 3-4% • 89% exports or about 292B Facts: • Wind and Solar require carbon-based products • There is no replacement for many carbon-based products • There are reserve limitations with Lithium, Vanadium and Rare Metals • Goods producing sector accounts for 30% of GDP • Goods Producing pays about 30% more than the average wage in Canada
- 10. Government Canada investment Among the other big-ticket cleantech investments are $400 million over the next five years to replenish Sustainable Development Technology Canada’s SD Tech and $1.4 billion over three years in project financing support for Business Development Bank of Canada (BDC) and Export Development Canada (EDC), which will help cleantech businesses access capital Canadian Manufacturing – March 23, 2017 Facts: • The process to take idea from incubation to market takes years • Many companies will require at least $5M/year in terms of funds for operation including R&D • Access to raw materials (Lithium, Vanadium, Rare Metals) • Many companies are already investing in clean energy alternatives • There needs to balance in terms of supporting the environment and the economy
- 11. Summary • You cannot go from $50B clean tech to $300B clean tech in a few years • Canada natural resources create the taxes needed to fund innovation funds • Government role is not to pick winners and losers • How do you identified clean tech business?
Editor's Notes
- 1. http://business.financialpost.com/news/energy/concrete-fish-food-and-toothpaste-companies-are-trying-to-find-new-ways-to-use-captured-carbon