As the world transitions to clean energy, are Canadian companies ready?
Change happens, with or without us. But while some Canadian companies are finding success in clean solutions, others, notably in Canada’s oil patch, are at risk of falling behind.
Canada should look to where the world is headed. In key areas, our country has room to grow and innovate. At the same time, there are numerous Canadian companies that are thriving and showing us the way forward.
Consider the scale of what we’re talking about. The increasing global market for low-carbon goods and services is now worth $5.8 trillion USD and is expected to keep increasing by 3 per cent a year.
The Clean200, a ranking of the world’s biggest publicly traded companies earning significant revenue from clean energy, was launched in 2016 and updated this February. Over that year-and-a-half period, Clean200 returns outperformed fossil-fuel ones by a factor of two. In short: It pays to stay current.
Clean Energy Canada
Clean Energy Canada is a climate and clean energy think tank within the Morris J. Wosk Centre for Dialogue at Simon Fraser University.
We work to accelerate our nation’s transition to clean and renewable energy systems by telling the story of the global shift to clean and low-carbon energy sources. We conduct original research, host dialogues and aim to inspire and inform policy leadership.
We envision a future in which our nation has one of the most advanced energy systems in the world, having significantly reduced its carbon emissions by the middle of this century. In our vision, Canada has become a leader in clean and renewable energy production, consumption, and innovation—benefiting citizens socially, environmentally and economically.
The Carbon Clean 200
Over the past six years, and growing dramatically in the period leading up to and after the Paris 2015 United Nations Climate Change Conference and the Marrakech 2016 United Nations Climate Change Conferences, a movement of institutional and individual investors representing more than $5 trillion in assets under management have divested a portion of their fossil fuel investments and committed to divesting the balance in the next five years. The corollary of divesting fossil fuels is reinvesting in the clean energy future.
The Carbon Clean 200: The world’s biggest 200 public companies ranked by green energy revenues was first published on August 15, 2016, by Corporate Knights and As You Sow. The current 2017 version was updated with data through the end of 2016.