{"id":28799,"date":"2022-05-26T11:11:04","date_gmt":"2022-05-26T14:11:04","guid":{"rendered":"https:\/\/thelaker.ca\/?p=28799"},"modified":"2022-05-26T11:11:04","modified_gmt":"2022-05-26T14:11:04","slug":"report-global-shift-to-net-zero-both-a-threat-and-opportunity-to-nova-scotia","status":"publish","type":"post","link":"https:\/\/staging-z.thelaker.ca\/?p=28799","title":{"rendered":"Report: Global shift to net zero both a threat and opportunity to Nova Scotia"},"content":{"rendered":"\n<p>[adrotate banner=&#8221;126&#8243;]<\/p>\n\n\n\n<p>[adrotate banner=&#8221;156&#8243;]<\/p>\n\n\n\n<p><strong>From a release<\/strong><\/p>\n\n\n\n<p><strong>OTTAWA:<\/strong> A new research report from the <a href=\"https:\/\/climateinstitute.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\">Canadian Climate Institute<\/a>\u00a0shows that with the global economy transforming rapidly in response to climate change, green shoots of low-carbon growth are visible in every province across Canada.<\/p>\n\n\n\n<p>Some provinces, however, are lagging, and risk being left behind as the&nbsp;<a href=\"https:\/\/climateinstitute.ca\/reports\/sink-or-swim\/\" target=\"_blank\" rel=\"noreferrer noopener\">global net zero transition<\/a>&nbsp;accelerates.&nbsp;<\/p>\n\n\n\n<p>The research shows that N.S. is showing some signs of progress in the low-carbon transition, as there are new pockets of economic growth emerging and the bulk of transition ready companies in the Atlantic provinces are located in Nova Scotia.<\/p>\n\n\n\n<p>The Climate Institute\u2019s new report,\u00a0<a href=\"https:\/\/climateinstitute.ca\/reports\/sink-or-swim-provincial-perspective\" target=\"_blank\" rel=\"noreferrer noopener\">Net Zero Opportunities: A province-by-province comparison<\/a>, assesses the progress provinces are making, particularly in transition-opportunity markets\u2014where global demand is expected to accelerate in the low-carbon transition.\u00a0<\/p>\n\n\n\n<p>[adrotate banner=&#8221;31&#8243;]<\/p>\n\n\n\n<p>[adrotate banner=&#8221;34&#8243;]<\/p>\n\n\n\n<p>However<strong>,<\/strong> Nova Scotia needs to build on the momentum of emerging transition-ready companies that are successfully attracting investment.<\/p>\n\n\n\n<p>The province would also benefit from looking at how other provinces are mobilizing private capital to start and build transition-ready companies.&nbsp;<\/p>\n\n\n\n<p><strong>Key facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Nova Scotia has concentrations of specialized innovation such as smart grids and batteries and storage, including a Tesla Research lab and a battery innovation cluster at Dalhousie University.\u00a0<\/li><li>Nearly two thirds of the transition-opportunity companies in Atlantic Canada are located in Nova Scotia.<\/li><li>Adjusted for the relative size of provincial economies, Nova Scotia ranks third in the country in the amount of private investment flowing to transition-opportunity companies, after Quebec and British Columbia.<\/li><li>[adrotate group=&#8221;6&#8243;]<\/li><li>[adrotate banner=&#8221;123&#8243;]<\/li><\/ul>\n\n\n\n<p>How other provinces compare:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Provinces gaining momentum in the low-carbon transition: British Columbia, Alberta, Ontario, Quebec<\/li><li>Provinces showing signs of progress in the low-carbon transition: Manitoba, Nova Scotia, New Brunswick&nbsp;<\/li><li>Provinces getting started in the low-carbon transition: Saskatchewan, Prince Edward Island, Newfoundland and Labrador&nbsp;<\/li><\/ul>\n\n\n\n<p>Across all provinces, federal and provincial governments can\u2014and must\u2014do more to help mobilize private sector investment to improve provinces-transition readiness.<\/p>\n\n\n\n<p>Whether its increasing policy certainty for investors and businesses through broad-based instruments like carbon pricing and regulations, deploying innovative financing tools to help transition-opportunity companies scale up, encouraging more opportunities in rural, remote, and Indigenous communities, or increasing support for research and development, government policy will play a huge role in whether the country can seize new opportunities in the transition.\u00a0<\/p>\n\n\n\n<p>[adrotate banner=&#8221;84&#8243;]<\/p>\n\n\n\n<p>[adrotate banner=&#8221;164&#8243;]<\/p>\n\n\n\n<p>For more details on how Nova Scotia compares to other provinces see&nbsp;<a href=\"https:\/\/climateinstitute.ca\/reports\/sink-or-swim-provincial-perspective\" target=\"_blank\" rel=\"noreferrer noopener\">Net Zero Opportunities: A province-by-province comparison<\/a>.<\/p>\n\n\n\n<p>Quote<\/p>\n\n\n\n<p>\u201cCanada\u2019s economy is at a pivotal moment, and this research shows that for each province to successfully navigate this transition, both federal and provincial governments need to do more to support investment and clean growth.<\/p>\n\n\n\n<p>\u201cWhile some actions have been taken, particularly in specific provinces, much more needs to be done\u2014and quickly\u2014or Canada risks getting left behind.\u201d<\/p>\n\n\n\n<p>\u2014Jonathan Arnold, Senior Research Associate for Clean Growth, Canadian Climate Institute<\/p>\n\n\n\n<p>[adrotate banner=&#8221;95&#8243;]<\/p>\n\n\n\n<p>[adrotate banner=&#8221;148&#8243;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[adrotate banner=&#8221;126&#8243;] [adrotate banner=&#8221;156&#8243;] From a release OTTAWA: A new research report from the Canadian Climate Institute\u00a0shows that with the global economy transforming rapidly in response to climate change, green shoots of low-carbon growth are visible in every province across Canada. Some provinces, however, are lagging, and risk being left behind as the&nbsp;global net zero [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":28800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,957],"tags":[3745,3746,48,3747,1077,836],"class_list":["post-28799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-news","tag-canadian-climate-institute","tag-clean-growth","tag-n-s","tag-net-zero","tag-nova-scotia","tag-ottawa"],"_links":{"self":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts\/28799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28799"}],"version-history":[{"count":0,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts\/28799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}