The most recent estimates from Analytica Advisors valued the global cleantech market at more than $1.15 trillion a year. The bulk of that spending is the result of public policy as countries take steps to rein in environmental impacts, improve air, soil and water quality, and meet collective emissions-reduction targets like those set out in the Paris Agreement.
The market — and opportunities for Canadian exporters — may in fact be even greater because cleantech as a sector is notoriously difficult to pin down.
As Rob James, Canadian Commercial Corporation, Director of Business Development and Sales for Clean Technologies and Renewable Energy, puts it: “You can take virtually any industrial sector or process and make it cleaner, which means the applications for cleantech are pretty much endless.”
For the full Canadian Commercial Corporation article, click here.