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Canada抯 call to action for Canadian clean technology:a $1 trillion opportunityTuesday, November 28, 2017 > 10:25:20
Canada’s call to action for Canadian clean technology: a $1 trillion opportunity - EDC alone committing $7 billion for Canadian companies by 2020
Export Development Canada’s (EDC) Cleantech Export Week launches today, bringing together Canada’s clean technology experts to discuss how Canadian companies can play a bigger role in this fast-growing sector.
The worldwide movement to tackle climate change is ramping up and there is growing demand for clean technology and services. Cleantech Export Week will launch a national conversation about how Canadian companies can more easily bring their solutions to the international market – a market estimated to be worth US$1 trillion and expected to surpass US $2.5 trillion by 2020.
“Canada has the potential to be one of the world’s go-to sources for cleantech solutions, and so EDC is stepping up to be Canada’s source for financing cleantech companies by increasing our financial support to meet the market needs,” says Benoit Daignault, EDC
President and CEO. “We planned Cleantech Export Week to salute the ingenuity and entrepreneurship of companies across the country, and as a call to action to challenge Canada’s innovators to expand their horizons beyond our borders by tapping into the support provided by EDC and our partners.”
EDC is the largest provider of financial solutions for cleantech companies looking to export internationally, EDC provided more than $1 billion in the sector in 2016 and expects business volumes to exceed $7 billion between now and 2020.
Cleantech has been a priority for EDC since 2012. Since then we have helped over 170 Canadian cleantech companies export to 114 countries and have conducted almost $3.5 billion in business.
EDC helps these companies by providing financial solutions, market knowledge and the benefit of matchmaking introductions to some of the biggest projects and companies in the world.