The North American Clean Energy Action Plan Accelerates Cleantech Opportunities

The Climate and Clean Energy Action Plan¹ (the "Action Plan"), announced at the North American Leaders' Summit in Ottawa on June 29, builds on the recent US-Canada Joint Statement on Climate and Energy² and the trilateral Climate Change and Energy Collaboration MOU,³ and confirms that climate action and the transition to clean energy are top priorities for Canada, the United States, and Mexico. Their common commitment to aggressively scale up clean energy deployment, and to support cleantech innovation will likely result in a substantial expansion of the cleantech industry in Canada and throughout North America. The Action Plan parallels and complements other Canadian climate change and clean energy initiatives, including the Climate Action Plan launched earlier this month by the Province of Ontario.⁴