A new study says Canadian governments can expect an economic return from seed money in green technology, just not as much as from more traditional investments.
The Conference Board study shows that investments in green technology under government programs in Canada will total $11.8 billion in the next four years. The think-tank says Ontario will gain the most economically from its investments because it has the manufacturing base for in-province development of new technologies. Other provinces will experience what the Conference Board calls “significant leakage” of benefits because of the need to import technologies. Even so, no province, including Ontario, will get the same bang for its buck in terms of an increase in gross domestic product as compared with more traditional investments in things such as construction.
What do you think about green investments? Share your thoughts by calling our toll-free comments line at 1-877-703-2713 or emailing firstname.lastname@example.org.