Our clean tech industry has grown to be one of the most vibrant clean tech clusters in North America, generating $1.7 billion in revenues annually, primarily from exports. British Columbia specializes in green power generation, energy efficiency, transportation, and industrial processes that create green benefits.
British Columbia has developed international expertise in supplying products and services in several key clean technology sectors. International buyers have already shown keen interest in purchasing technologies such as fuel cells, clean transportation, energy management technologies, renewable energy, and waste and water treatment technologies.
The United States is a global leader in green tech and the clean economy, with significant growth opportunities for companies in renewable energy, wastewater management, clean transportation, and green building, among others. All of the Pacific Northwest U.S. states are committed to carbon emission reductions and the exploration of renewable energies to meet their respective mandates.
Our green economy companies have strengths in many of the key clean tech sub-sectors that are currently relevant to the U.S. Pacific Northwest. This creates significant business opportunities for increased clean tech exports. The North American Free Trade Agreement ensures access for our exporters to these American markets.
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China has a goal of developing 120,000 megawatts of renewable energy by 2020. This goal will account for 12 per cent of China’s total installed energy-producing capacity and will require an investment of 800 billion yuan (about US$100 billion). The biomass/biofuel and hydrogen and fuel cells sub-sectors have the significant near-term commercial potential, together with wind, solar photovoltaic and solar thermal energy.
Emerging opportunities will likely also exist in experimental stage (tidal and ocean energy) and alternative (coal bed methane, coal-to-liquid, carbon capture and storage) energy technologies.
Export opportunities are also growing in environmental technology sectors such as municipal and industry wastewater treatment technology, hazardous waste and medical waste treatment technology, waste-to-energy technologies, and air and water monitoring equipment.
These are significant opportunities for our technology exporters.
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With an energy self-sufficiency rate of just four per cent and an ongoing debate over nuclear policy, the Japanese government began its Feed-in-tariff (FIT) program in July 2012. It provides for guaranteed, premium prices that utilities must pay for renewable energy. This program can provide opportunities for renewable and clean energy companies to enter the market in the areas of solar, wind, geothermal, and biomass.
In 2011, the Japanese government and auto industry announced a full-scale hydrogen infrastructure launch for 2015, including the installation of 100 hydrogen stations in Japan to support fuel cell vehicles. The growing hydrogen economy presents opportunities for our companies to market their fuel cell technologies in Japan.
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South Korea’s reliance on energy imports, a significant shift to cleaner energy and greater efficiencies across its major industries have resulted in multi-billion dollar investments in the country’s green economy. This dynamic market makes it a prime target for exports, with particular interest in our biomass industry and small-scale renewable energy projects.
South Korea is also one of the world’s most promising markets for fuel cell adoption and manufacturing. South Korea has a market for stationary, portable, and transport fuel cells, with early markets for domestic adoption and large export opportunities. A partnership agreement between the Canadian and South Korean Hydrogen and Fuel Cell Associations in June 2010 helps our hydrogen and fuel cell technology companies expand exports to South Korea.
The Canada Korea Free Trade Agreement (CKFTA), which entered into force in January 2015, has opened up opportunities for British Columbia’s goods and services providers in clean technology, waste water management, and environmental technology through easier entry of business persons, tariff reductions on related goods, and the establishment of bilateral committees to address such issues as reducing or eliminating duplicate testing and certification.
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Renewable energy accounts for approximately 12 per cent of India’s 210 gigawatts of installed power generation capacity. The country’s demand for energy has been increasing due to economic growth, a growing population, and changing lifestyles. And the government plans to increase the capacity to generate renewable energy by 40 to 55 gigawatts by 2022, including 20 gigawatts of solar-based energy generation capacity by 2022. It will also support other forms of clean energy through sources such as wind, biomass, and waste-to-energy technologies.
We can build on our knowledge and our reputation to benefit from the demand for clean technologies in India.
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Industry in Europe is highly regulated to protect the environment, and is estimated to be responsible for nearly 35 per cent of global demand for environmental technologies and services. Renewable energy targets for the EU announced in 2012 will galvanize investment into the energy sector in Europe, allowing good export opportunities for our clean tech companies.
The most significant factor for expanding trade with Europe will be the development of new and existing clean technologies to meet Europe’s new targets.
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At the national level, many countries in Southeast Asia have developed their own renewables master plan—a roadmap of the outlook for the clean technology sector.
Water and waste water solutions that target industrial or municipal organizations will find customers in the emerging economies of Southeast Asia, where governments are looking to maintain and enhance their aging infrastructure, especially in areas undergoing rapid industrial and urban development. Other opportunities will emerge in the region’s ongoing “green urbanization”, including the provision of green buildings and clean air.
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