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Competing in Clean Energy, Capitalizing on Canadian innovation in a $3 trillion economy
The report identifies two main challenges to clean energy entrepreneurship in Canada: the lack of stable, long-term government policy and difficulty accessing capital. The report states that jobs in Canada’s cleantech sector grew by 11 %, and the industry invested almost $2 billion in research and development between 2008 and 2010. Yet, “With the Harper government’s focus set on accelerating development of Canada’s fossil fuel commodities — from oilsands to shale gas and coal — Canada is currently capturing just one percent of the thriving clean energy market.” Three main opportunities for support for clean energy entrepreneurship in Canada were identified: develop a set of specific federal financial tools to encourage clean energy entrepreneurship; engage in the development of a national energy strategy; and send the right price signals.