OTTAWA—The Canadian and Chinese governments have agreed to work together more closely on clean technology—a move that could help Canadian firms gain a foothold in one of the hottest cleantech markets in the world.
Canada’s minister of Natural Resources, Jim Carr, along with China’s vice-minister of Science and Technology signed the joint declaration last week.
“Collaboration with China on clean technology, best policy practices, and to promote clean energy creates opportunities for Canadians, and has tremendous potential to create real economic, environmental and social benefits for both countries,” Carr said.
Among the agreement’s objectives are sharing cleantech best practices and addressing a range of social challenges through clean technology. On the more practical side, Canada and China plan to facilitate collaboration between the countries’ small and medium-sized cleantech businesses and explore working together on clean energy demonstration projects.