Canada Launches Climate Competitiveness Strategy to Boost Economy and Clean Growth

Canada has introduced a new Climate Competitiveness Strategy aimed at strengthening the economy by encouraging investment in clean technologies and low-carbon industries. The plan focuses on enhancing industrial carbon pricing, clarifying greenhouse gas regulations, supporting critical mineral projects, and increasing tax incentives to stimulate clean economy investments. The strategy aligns closely with Canada's broader goals to reduce emissions and promote sustainable economic growth, leveraging the country's natural resources and innovation to compete globally. While the announcement was made by the Minister of Immigration, Refugees and Citizenship, the release did not detail changes to Express Entry or immigration selection processes. Instead, the focus remains on economic and climate policy measures that aim to attract investment and create jobs. This initiative also complements existing efforts under the Canadian Net-Zero Emissions Accountability Act and seeks to mobilize private and public funding through tax credits and new financial instruments. The Canadian government highlights that these actions will help Canada maintain competitiveness in the G7 by decoupling economic growth from greenhouse gas emissions, supporting clean energy development, and preparing industries for the transition to net-zero emissions.