The Prime Minister, Justin Trudeau, today joined French President François Hollande, U.S. President Barack Obama and Bill Gates to announce the launch of Mission Innovation, an ambitious clean technology initiative that partners Canada with the United States, 18 other countries, and 20 leading representatives from the private sector.
This global partnership, announced during the first day of the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 21), seeks to double government investment over the next five years in clean energy research and development, and to spur private sector investment in clean technology.
The Government of Canada fully supports this goal and clean technology research and development. Investing in clean technology can deliver real benefits for the environment and the economy, including more good-paying, middle class jobs for Canadians. “A strong economy and healthy environment go hand-in-hand, and we are committed to leaving our children and grandchildren with a more sustainable and prosperous country,” Prime Minister Justin Trudeau said.
Canada has a plan to invest an additional $100 million each year in clean technology producers, so they can tackle Canada’s most pressing environmental challenges, and create more opportunities for Canadian workers. The government will also invest an additional $200 million each year to support innovation and the use of clean technologies in the natural resources sector.
The Liberals have also promised an additional $2 billion to establish a Low Carbon economy trust fund. The money is part of a national climate-change strategy.