Research on Opportunities and Challenges of Clean Energy Cooperation in Canada Based on the New Canada Growth Fund
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DOI: 10.25236/semihs.2024.011
Corresponding Author
Yaojian Shi
Abstract
With the challenges of global climate change and energy transition, Canada, as a wealthy developed country, actively develops clean energy to reduce greenhouse gas emissions and improve energy security and economic competitiveness. This article analyzes the concept, classification, development status, prospects, and policy support of clean energy in Canada, focusing on the establishment, implementation, effect, and impact of the Canadian Growth Fund and the opportunities and challenges of Canadian clean energy cooperation. This article believes that the Canada Growth Fund is a major investment plan launched by the Canadian government to respond to the COVID-19 pandemic and promote economic recovery. It is designed to support Canada's innovation, infrastructure, skills, and regional development, of which clean energy is an important area. Canada's clean energy cooperation is conducive to strengthening Canada's domestic energy interconnection and regional coordination and strengthening Canada's energy dialogue and cooperation with international partners, especially with important energy markets and consumers such as the United States, the European Union, and China. Canadian clean energy cooperation also requires continuous innovation to improve the technical level, cost-effectiveness, and social acceptance of clean energy and contribute to the sustainable development of Canada and the world.
Keywords
Canada; Clean energy; Growth Fund; Cooperation