Investment growth is crucial for Canadian businesses to evolve and thrive in a changing global economy, according to New Economy Canada.
In Victoria, BC, on January 30, 2025 (GLOBE NEWSWIRE), investments in clean energy tech and infrastructure in Canada surged by 19% in 2024, reaching $35 billion USD. This data comes from the Bloomberg NEF’s Energy Transition Investment Trends 2025 report that was released today. Canada has now entered the top 10 countries for investing in clean electricity and electrification, ranking 8th for the first time.
This increase in Canadian investment coincided with a remarkable global milestone, as worldwide investment in energy transformation surpassed $2 trillion in 2024. The global growth rate was 10.7%, which is lower than previous years but remains impressive.
Merran Smith, president of New Economy Canada, commented:
“This news serves as a wake-up call for Canadians. We need to think bigger when considering our economic future. There’s a global competition to attract investments that can harness clean energy and technology. These investments create jobs and boost local economies, keeping our industries like mining and construction competitive. We can’t afford to lag behind.”
Smith continued, “By making it into the top 10 for clean energy investments, Canada is making strides. However, we still have work to do to catch up with other countries. We need to maintain this progress by ensuring stable policies and regulations in these uncertain times.”
Definition: Clean energy technology and infrastructure investments involve funding for things like power grids, clean manufacturing, electrified heating, eco-friendly shipping, hydrogen projects, carbon capture, nuclear power, energy storage, and renewable sources.
About New Economy Canada
New Economy Canada is a non-partisan group that brings together business, labor, and Indigenous leaders to drive Canada’s economic shift. The organization includes various industrial sectors focused on utilizing affordable clean energy and technology to enhance investments and create jobs. Together, our growing membership represents over 410,000 workers and over $200 billion CAD in annual revenues. More information can be found at neweconomycanada.ca.
CONTACT: Rebecca Spring New Economy Canada 647.338.6274 rebecca.spring@neweconomycanada.ca
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Canada, clean energy, Energy Transition, global investment, Investments
