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Canada risks falling behind on climate tech investment: report

1 year ago

Canada risks falling behind on climate tech investment

A report from Boston Consulting Group suggests Canada is producing climate tech talent and startups above its weight, but a lag on private investment risks causing brain drain and Canadian money seeking greener pastures overseas.

Canada improving from 'Wild West' of climate reports

More of Canada’s largest public firms are disclosing greenhouse gas emissions data and setting targets, however, there is still plenty of room for improvement – particularly regarding verification – according to an Institute for Sustainable Finance report.

Voltari e-boat aims to kickstart marine EV revolution

The electric vehicle (EV) revolution sweeping the world doesn’t begin and end with cars. One such outlier is Merrickville, Ont.-based electric boat manufacturer Voltari Marine Electric Inc. Voltari built the Voltario 260, the world’s first fully electric performance boat.

Avalon, Metso sign MOU for lithium processing facility

Avalon Advanced Materials Inc. has signed a memorandum of understanding (MOU) to create a strategic partnership with Metso Corporation, a Finnish company behind sustainable critical-mineral processing technology. The two will collaborate on Ontario's first lithium processing facility.

Battles brewing over Ring of Fire mining plan for EVs

A lawyer representing a number of First Nations communities opposed to the Ford government’s plans for Ontario's Ring of Fire is cautioning that the province’s long-term electric vehicle battery manufacturing strategy might be a “fool’s errand.”

Rio Tinto dips toes in Canadian lithium projects

Rio Tinto Ltd., one of the world’s largest mining companies, doesn’t currently produce any lithium. But two agreements in as many months with Canadian companies suggest the giant is quietly exploring projects for the critical mineral for clean energy.

EV demand to rise in Atlantic Canada from carbon tax

EV enthusiasts and experts expect interest in EVs will continue to climb now that the carbon tax is driving up fuel costs. But a question remains: can the Atlantic provinces keep up with the demand?

Canada must hasten switch to e-school buses: report

Canada risks missing a major opportunity in school bus electrifiction without aggressive action, the Canadian Electric School Bus Alliance says. The report concludes the current business case for school bus operators to make the switch requires more government support.

Pearson to host Ont.'s first public hydrogen refuel site

Toronto's Pearson International Airport will be home to Ontario's first public hydrogen refuelling station for zero-emission vehicles powered by fuel cells. Carlsun Energy will build, own and operate the station, which was funded by the Canadian government.

Peatlands burning more often due to climate change

Because peatlands contain so much plant material, they are massive carbon sinks that absorb more carbon from the atmosphere than they release. But a warming climate has meant they sometimes get dry enough for fires to take hold.

U.K. property market now has a green premium

London office space that’s classified as “green” by virtue of a sustainability certification commands a 20 per cent premium over buildings without such labels, according to data compiled by property broker Jones Lang LaSalle Inc.

IRA will supercharge emerging green tech globally

In addition to short-term supercharging the U.S. solar, wind and EV industries, incentives in the Inflation Reduction Act (IRA) are paving the way for still-nascent technologies to help bring down global greenhouse gas emissions in decades to come.

​Seven lessons from the first year of the IRA

It’s been nearly a year since the IRA passed. The law has been successful at transforming the American energy system. But is the IRA successful enough? Insights on the U.S. power sector, EVs, policies and consumers can be found.

U.S. approves its largest offshore wind project to date

The U.S. has approved the biggest offshore wind project in the U.S. Located about 13 nautical miles southeast of Atlantic City, the Ocean Wind 1 project offshore New Jersey will have a capacity of approximately 1,100 megawatts of clean energy.

U.S. carbon emissions fall for first time in Biden era

Global carbon dioxide emissions were roughly flat through the first five months of the year, with rising greenhouse gas production from China and India offsetting deep declines in emissions from the United States and Europe.

China on course to hit wind, solar target ahead of time

China is set to double its capacity and produce 1,200 gigawatts of energy through wind and solar power by 2025, reaching its 2030 goal five years early, according to Global Energy Monitor, a San Francisco-based NGO.

Chinese scientists try to slow glacier melt

Covering glaciers with sheets of reflective material isn’t a new idea. European ski resorts have been using white blankets to protect their snow for nearly two decades. But China has only just begun experimenting with the approach.

Algae biofuels still a no-go, new research confirms

Research suggests biodiesel derived from microalgae may actually emit more carbon during production and use than petroleum-based diesel. The biofuel’s poor performance stems from the manufacturing process, which requires more energy than the final product can produce.

Supercomputer will help decision on blocking the sun

A new supercomputer is helping climate scientists determine whether injecting human-made, sun-blocking aerosols into the stratosphere would also alter thunderstorms and rainfall. The computer can run more detailed models to improve scientists' understanding of the risks from solar geoengineering.

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