B.C.'s clean tech industry has grown to be one of the most vibrant clean tech clusters in North America, comprised of more than 270 companies. 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. The United States also ranks among the world’s top countries in clean tech investments, patents, renewable energy generation and electric vehicle (EV) adoption. All of the Pacific Northwest states are committed to carbon emission reductions and the exploration of renewable energies to meet their respective mandates.
B.C.’s green economy companies have strengths in many of the key clean tech subsectors that are currently relevant to the U.S. Pacific Northwest. This creates significant business opportunities for increased clean tech exports.
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China intends to spend more than $360 billion through 2020 on renewable power sources like solar and wind. The biomass/biofuel, hydrogen and fuel cell subsectors also have significant near-term commercial potential.
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 B.C.'s 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.
The Japanese government has also developed an ambitious plan, along with the Japanese auto industry, to put 40,000 hydrogen powered cars on Japanese roads by 2020, with that number growing to 200,000 by 2025 and 800,000 by 2030. The fleet would be served by an expansive network of 900 fueling stations. The growing hydrogen economy presents opportunities for B.C. companies to market their fuel cell technologies in Japan.
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South Korea was among the first countries to embrace green growth as a national development strategy. With, a significant shift to cleaner energy and greater efficiencies across its major industries, the country’s green economy has achieved multi-billion dollar investments. This dynamic market makes it a prime target for exports, with particular interest in B.C.’s 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. The agreement provides 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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India’s demand for energy is increasing due to economic growth, a growing population and changing lifestyles. Currently, India has about 32 gigawatts (GW) of wind power and 12 GW of solar power within a total generation mix of 320 GW. Renewables (excluding large-scale hydropower) account for about 17% of its total power output. In December 2016, the Indian government issued its third National Electricity Plan (NEP) report, which affirmed a strategy of rapid renewables expansion. The government aims to have 175 GW of renewable capacity installed by 2022, resulting in an additional 100 GW of solar power and 60 GW of wind power.
B.C. can build on its knowledge and reputation to benefit from the demand for clean technologies in India.
We can build on our knowledge and our reputation to benefit from the demand for clean technologies in India.
Learn more about British Columbia’s export opportunities in India.
Europe’s renewable energy sector plays a key role for the EU economy with more than one million people employed. The EU has consistently achieved its renewable energy targets since 2014, which has galvanized investment into the energy sector. By 2020, the region is expected to reach its target of 20% share of renewables in its final energy consumption.
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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