Canadian Industry Minister Francois-Philippe Champagne acknowledges the challenges that the country faces in sustaining its green industrial strategy due to reaching the limits of its renewable energy capacity. While 2023 marked significant strides in Canada's green industrial policy, including the announcement of major projects like the Volkswagen EV battery plant in St. Thomas, Ont., and the Northvolt battery factory near Montreal, Champagne emphasizes the importance of addressing energy generation limitations to continue the momentum. The focus for 2024 will shift towards supporting small- and medium-sized businesses integral to these mega projects and ensuring the necessary power infrastructure.
Champagne highlights the need for Canada to invest in developing small nuclear reactors and expanding other renewable energy sources. The goal is to provide the required power to communities supporting mining, refining, and other key components of the burgeoning green industry. With a growing emphasis on electrification and major battery plant projects, Champagne underscores the importance of proactive measures to avoid strained energy generation capacities in different jurisdictions and to ensure the success of future projects.
Read more from the link below:
Comments