Cleantech proves to be strong driver for Canadian economy
The cleantech sector is on the cusp of driving Canada’s economic growth, according to a report from Russell Mitchell Group and not-for-profit Sustainable Development Technology Canada (SDTC). Canada ranks third as an early adopter for clean technology. The report, based on input from more than 160 cleantech companies, said the cleantech sector in Canada grew 47% during the 2008-09 recession. That could increase to 117% from 2010-12, the report projected, with the highest growth rates being found in power generation, energy efficiency, smart grid, and industrial process efficiency.
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