The New Ontario Climate Change Action Plan Paves the Way for the Future of Cleantech in the Province
|Lawyer||Richard Corley, Daniel Gormley, Catherine Lyons|
|Area||Energy Law, Environmental Law, Cleantech|
Yesterday’s launch of the new Ontario climate change action plan (the “Plan”) promises to accelerate the growth of the Province’s clean technology (“cleantech”) sector. According to the U.S. State Department, the global cleantech sector is forecast to expand at six times the rate of the technology boom of the 1990s. By investing the proceeds of its new carbon cap and trade system in low carbon technologies, Ontario is bidding for a larger slice of this rapidly growing, trillion-dollar global market.