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Canada’s economic recovery is going to be tied to clean growth, and we need your ideas to make sure NL is ready

May 20, 2020 | Written By: Kieran Hanley

It is a safe bet to assume that Canada’s economic recovery efforts are going to be attached in some shape or form with clean growth.

This means that initiatives and projects that are tied to climate change mitigation, sustainability, environmental technology, clean energy, etc. are going to play a significant role in efforts to stabilize the economy – with a view to help Canada reach its target of net zero emissions by the year 2050.

Newfoundland and Labrador has to be ready to establish priorities that are line with these objectives.

The Smart Prosperity Institute has outlined to decision-makers at the Federal level what it believes to be the three ingredients for initiatives in support of a ‘resilient recovery’: (1) does the measure stimulate timely, lasting economic benefits and jobs?; (2) does the measure help the environment and support clean competitiveness; and (3) is the measure equitable, implementable, and feasible?

Image courtesy of the Smart Prosperity Institute

The spirit of these recommendations are being echoed by other influential organizations like the Pembina Institute.

We need to be keenly aware of this perspective in Newfoundland and Labrador so that we make this most of the opportunities associated with economic recovery. As we try to climb out of the hole that we find ourselves in, NEIA and its members believe that embracing the clean growth approach can go a long way in both supporting our existing industries that have been hammered, and in stimulating the long term economic diversification of our economy.

Looking for your input

NEIA has been hard at work developing a series of clean growth ideas and proposals for decision-makers to consider. We are looking for your ideas – no matter how big or small – on specific projects or broad initiatives that can help up our province succeed in the aftermath of the COVID-19 pandemic… both in the short and long term.

Please contact me directly with your ideas at kieran@neia.org. I am looking forward to hearing from you. Time is of the essence.

Best,

Kieran Hanley
Executive Director
NEIA

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