Canada needs national industrial strategy for energy transition and new geopolitical order

Mark Lowey
March 13, 2024

Canada needs a national industrial strategy to shift from the old oil-based geopolitical order to a new world driven by the global energy transition, says the Centre for Net-Zero Industrial Policy.



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Other stories mentioning these organizations, people and topics
Organizations: Accelerate, Centre for Net-Zero Industrial Policy, International Monetary Fund, Johns Hopkins University, Transition Accelerator, and U.S. Department of Energy
People: Bentley Allan, Derek Eaton, and Jonas Goldman
Topics: "middle powers" in the new geopolitical order, achieving decarbonization, security and economic development, aligning procurement, diplomacy, trade and public policy, bioeconomy products, Canada's declining GDP and productivity, Canada's mining, forestry and agricultural sectors, Canada's natural resources and skilled workforce, Canada's need for a national industrial strategy, Canada's role as a fossil fuel producer under threat, countries emerging in the new geopolitical order, creating dynamic, export-oriented clusters, decline in global demand for oil, developing midstream of net-zero supply chain, economic and social risks to Canada from energy transition, Economic Strategy Tables, government investments in battery manufacturing plants, growth of electric vehicles, hydrogen for fuel and power, investments in renewable energy, EV batteries, critical minerals and hydrogen, national strategy to shift to new geopolitical order driven by global energy transition, net-zero supply chain in Canada's resource sector, oil becoming a "downside liability", old geopolitical order based on oil, plan needed to connect Canada's EV supply chain, process needed to identify and leverage Canada's national strengths, risk to Canada's exports, balance of payments and growth prospects, seven indicators crucial to the new energy order, shift to producing clean energy and advanced chemicals and materials, using wood fibre to create value-added products, and value-added critical mineral products

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