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Path to Net Zero

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OUR PATH TO

Net Zero Q&A with the Honourable MarieClaude Bibeau, Minister of Agriculture and Agri-Food Why is Canada uniquely positioned to seize opportunities and grow its emerging bioeconomy? Backed by its strong natural resources management, applied innovation, sustainable crop production, diverse biomass sources, and efficient processing, Canada has the knowledge and expertise to meet the high-quality standards of diverse global bioeconomy markets. Using sustainably produced crops, wastes, and residues as the primary input in biofuels and other bioproducts, our agriculture and agri-food sector has the opportunity to help strengthen Canada's position as a leader in sustainable agriculture. A thriving agro-bioeconomy in Canada can provide meaningful reductions in Canadian greenhouse gas emissions, diversify producer revenue streams, and create new jobs and economic value across the country.

As Minister of Agriculture and Agri-Food, in what ways do you and your department help to build Canada's bioeconomy?

PHOTO CREDIT: GRANT RICHIE/UNSPLASH

Our government has proposed to invest over $1.5 billion to support the sector's transition to a low-carbon economy, including investments in research and innovation to expand our bioeconomy. This will increase the sector's competitiveness and sustainability while creating new market opportunities. In addition, ongoing initiatives, including the AgriScience Program, the AgriInnovate Program, and the Agricultural Clean Technology Program, accelerate the development, commercialization, and adoption of new products and processes to contribute to a net-zero economy. The Sustainable Canadian Agricultural Partnership, announced in July 2022, will also be built around a shared federal-provincial-territorial sustainable vision that prioritizes science, research, and innovation.

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Q&A with the Honourable Steven Guilbeault, Minister of Environment and Climate Change What would you say is the biggest roadblock we face in reaching net-zero emissions by 2050? Our government has committed to reducing Canada’s emissions by 40 to 45 per cent from 2005 levels by 2030 and putting Canada on a path to reach net-zero emissions by 2050. This goal will require collaboration and innovation across all parts of society. Developing regulations take time, and implementation does as well. Reaching net-zero emissions will require dedication and motivation, but the results will benefit all: clean air and a strong economy.

What’s the most impactful tool we have at our disposal to achieve net-zero emissions? One of the most impactful tools can be found across our country: nature. Nature has the ability to build resilience and help Canada meet its 2030 and 2050 climate change objectives. Nature-based solutions are actions to conserve, sustainably manage, and restore ecosystems. These actions will help store and capture carbon, mitigate the impacts of climate change, build resilience and improve water quality, and provide critical habitat for Canada’s wildlife. Our climate plan uses all the tools in the toolbox, and our commitment to protecting 25 per cent of our lands and oceans by 2025 is an important part of that plan.

What’s your response to those who feel that reaching net zero is too lofty a goal for many businesses, let alone a country? Businesses across Canada are developing cleaner ways of doing business — not just to reduce harmful emissions but also to be more resilient and competitive in the 21st-century economy. Canada is on the way to net zero, and we will ensure all Canadians are supported during the transition to a cleaner economy.

Imagine: Canada Is the First G7 Country to Reach Net Zero Nothing beats an underdog story, especially when that underdog is up against the biggest threat we’ve ever faced: a changing climate.

W

Jeanette Jackson, CEO, Foresight Canada

Jeanette Jackson CEO, Foresight Canada

hen G7 nations committed to reaching net zero by 2050, Canada looked like an underdog in the emissions-reduct ion race compared to France, Germany, Italy, Japan, the United Kingdom, and the United States.

But don’t underestimate Canada’s determination From powering the grid with renewables to running vehicles off clean hydrogen to reducing methane emissions from cattle, Canadian innovators are building a future that mitigates the worst effects of climate change,

protecting our planet for future generations. After decades in cleantech, I know Canada can be the first to reach net zero. We have the innovation, determination, and resources to get there. And Foresight Canada is the organization to spur this change.

Pursuing Canada’s path to net zero Since 2018, Foresight has supported nearly 900 ventures and over 150 industry partners. Our expertise has helped secure $1.2 billion in capital and created over 7,000 high-paying jobs, with an economic impact of over $1.5 billion. We are strategizers, ecosystem mappers, and partnership builders, enabling Canada to win the net-zero race.

Our audacious goal wasn’t dreamt up in a vacuum. Canada consistently punches above its weight class in progressive policies, environmental stewardship, and innovation, producing world-changing inventions like insulin, telephones, and pacemakers. Now, our cleantech innovators are leading global change in spaces like water, agriculture, carbon capture, energy, and the built environment.

Join in the fight Foresight’s Annual Report outlines the steps to reach this goal. But to triumph in this underdog story, we need to work together. Read more at foresightcac.com/reports.

Join our Community of Innovators network of over 1,000 cleantech innovators and enablers. Together, we can reach net zero. Learn more at foresightcac.com. This article was made possible with support from Foresight Canada. FORESIGHT C A N A D A

Publishers: Santana Symeonides, Michael Croteau Director of Business Development: Julia Colavecchia Business Development Manager: Karim Jooma Senior Strategic Account Manager: Anna Sibiga Strategic Account Director: Jessica Golyatov Country Manager: Nina Theodorlis Content & Production Manager: Raymond Fan Designer: Kylie Armishaw Lead Editor: Karthik Talwar Content Strategist: Emma Yordanov All images are from Getty Images unless otherwise credited. This section was created by Mediaplanet and did not involve The National Post or its editorial departments. Send all inquiries to ca.editorial@mediaplanet.com.

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