Climate Change, Clean Tech And Innovation — Leading By Example

The Province of B.C. takes its economic development and environmental stewardship seriously and leads by example to address climate change, as well as provide opportunities for clean technology companies. It recently became the first province in Canada to legislate broad-based greenhouse gas reduction targets, with the Greenhouse Gas Reduction Targets Act. Although many celebrities and politicians appear to be jumping on the global-warming bandwagon, B.C. has taken the first steps necessary to provide certainty around the timing of greenhouse gas emission (GHG) reductions.

McCarthy Tétrault Notes:

While the consensus has been that GHG reductions would come, the big question was "When?" This uncertainty around timing makes it harder for capital markets to invest and businesses to plan production schedules. These difficulties limit the level of innovation and growth of new clean technology companies.