TORONTO — Mark Zacharias, govt director at Clear Vitality Canada, made the next assertion in response to the outcomes of the U.S. presidential election:
“President-elect Trump has made it clear that his authorities will withdraw assist for clear industries whereas increasing oil and gasoline manufacturing, providing up 4 years of uncertainty for the nation’s large, rising clear vitality sector.
“Canadians should bear in mind, nevertheless, that the U.S. is however one in every of many nations transitioning their vitality methods, and its selections is not going to alter the path of the broader world neighborhood. The world’s greatest economies, from China to the EU, are innovating at a rare tempo, constructing and driving more and more inexpensive electrical vehicles, increasing their clear energy grids, and supercharging their sustainable industries.
“Regardless of the approaching dearth of U.S. federal local weather management, many states will proceed on their clear financial path—like California, New York, and Washington, all of which have enacted sturdy local weather insurance policies, from clear electrical energy requirements to EV gross sales mandates (state-level EV gross sales mandates cowl 40% of the U.S. market). Canada will stay in good firm.
“Whereas it’s disappointing to see the Trump administration’s intent to drag America again right into a bygone period of pricey fossil gas dependence, the U.S.’s delay gives a window for the nation’s clear financial opponents to cement their foothold within the world market. Certainly, if America’s incoming authorities makes good on its guarantees to finish federal assist for the vitality transition, Canada ought to leverage its benefits in key competing sectors. This consists of battery provide chain investments, from important minerals to battery cells to EV meeting to recycling. Actually, Canada was lately ranked first on the planet for its battery provide chain potential.
“Certainly, Canada’s clear investments and insurance policies—from rebates for EVs and warmth pumps to our clear electrical energy laws and investments in clear provide chains—might be key to sharpening this aggressive benefit, making certain Canadians proceed to reap the rewards of the vitality transition. Actually, a current Clear Vitality Canada report discovered that households can save greater than $500 a month by switching to EVs and warmth pumps however that authorities assist is vital to conserving upfront value boundaries low.
“As we enter one other period of weak U.S. local weather management, sustaining Canada’s course on the vitality transition has by no means been extra essential. This transition is occurring, whether or not President-elect Trump believes it or not, and it’s very important that we keep centered on the longer term. Nobody wins a race by going backward.”
RESOURCES
Report | Opening the Door
Calculator | mycleanbill.ca
Report | A Pivotal Second
