Canada’s flourishing tech industry can lead to employment growth. This concerns the five-billion-dollar electric vehicle (EV) battery plant under development in Windsor, Ontario. The plant is likely to employ 2,500 people “by the time hiring is complete in 2025,” according to sources.
Canada’s flourishing green tech industry can raise employment
The building of an EV battery plant and the associated hiring that goes along with it is indicative that green tech is an endeavor of importance to Canada’s government and citizens, in line with the country’s recognized aim to achieve net-zero emissions by 2050.
As stated in the 2023 Budget announcement, Canada’s federal government is initiating to invest heavily in national clean energy and clean tech sectors. Canada’s 2023 Budget includes tax credits totaling approximately $55 billion, which aim to draw additional investment in these crucial industries. This is in addition to $21 billion in new spending toward a clean, next-generation economy.
At the same time, Canadian immigrants are finding an increasing number of job opportunities in the green tech sector throughout the country. This is a summary of the employment initiatives that have been in Canada to assist the green tech sector in this nation.
British Columbia
The CleanTech industry in British Columbia received a substantial boost in funding from the Pacific Economic Development Agency of Canada (PacifiCan) in February of this year in Western Canada.
A $5.2 million funding round for Foresight Canada came into notice through PacifiCan, in addition to a $2.3 million grant from British Columbia.
In addition to opening up new markets and attracting world-class talent to British Columbia, the press release states that this investment will help the government meet its objective. The goal is to accelerate the development and adoption of clean technologies. More precisely, it is likely that this money will draw $280 million in investment and generate 240 new employment in the cleantech sector. Further, greenhouse gas emissions will decrease by 125 Kilotonnes.
Alberta
“Jobs in Alberta’s clean energy sector” will continue to grow at a 10% annual rate until net-zero emissions in 2050, according to Clean Energy Canada (CEC) research. This is the most rapid expansion prediction of any province or territory in the nation.
According to CEC, Alberta’s employment picture would see a further 419,000 renewable energy jobs added between 2025 and 2050.
Ontario
On March 27, 2023, Canada’s Minister of Innovation, Science, and Industry announced that VueReal would receive a $8.5 million investment through Sustainable Development Technology Canada (SDTC). The Ontario government has also invested $2 million through Invest Ontario in addition to this investment.
A technological company called VueReal is headquartered in Waterloo. Its mission statement is to “develop and commercialize platforms” that “enable economical and flexible production and integration of micro- and nano-devices such as microLEDs.”
Such investments demonstrate the Government of Canada’s and SDTC’s commitment to boosting the economy and giving Canadians access to cleantech employment opportunities.
The green tech industry – what are the employment chances in the future?
Canada’s flourishing green tech industry can raise employment.
As per a reliable source, the CleanTech industry in Canada employed about 188,000 workers in 2021.
A June research this year also states that “the green transition could generate 30 million jobs by 2030, even though AI will disrupt nearly one-quarter of the labor market.”
Heading even further, by net-zero 2050, Canada would observe 700,000 additional energy jobs compared to what Canada has today, according to a March 2023 analysis by CEC. This occurs when the number of jobs created by clean energy “outpaces” the number of jobs lost by the fossil fuel sector.
1.3 million Canadians intend to work in EV-related jobs in a net-zero 2050, which is 60 times higher than in 2025.
In a net-zero 2050, nearly half a million people will work in Canada’s clean energy sector.
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