Green capital goes global
Clean-tech investment hit US$1.7 trillion in 2024, overtaking fossil fuels for the first time (IEA). Canada attracted about US$28 billion, or 1.6% of global flows — far below potential.
| Region | 2024 Clean-Tech Investment (US$ bn) | CAGR 2020–24 | Source |
|---|---|---|---|
| China | 680 | +22% | IEA |
| United States | 340 | +18% | IEA |
| EU | 290 | +16% | IEA |
| Canada | 28 | +15% | NRCan |
Why Canada underperforms
- Slow permitting and fragmented provincial policies.
- Limited domestic venture capital for scale-up firms.
- Skills bottlenecks in electrical engineering and materials science.
What leaders can do
- Co-locate R&D with resource clusters. Leverage mining, forestry, and energy synergies.
- Access new green-finance programs. Tap into Clean Growth Fund and SDTC.
- Partner internationally. Use Canada’s reputation for ESG governance to attract joint ventures.
- Show metrics. Quantify emissions reductions to unlock institutional capital.
Arcus Insight: Canada’s green advantage is credibility — but capital follows speed. Execution must now match ambition.