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VANCOUVER, British Columbia, Feb. 25, 2024 (GLOBE NEWSWIRE) — The Asia Pacific Foundation of Canada Climate solutions and cleantech: Building a greener Indo-Pacific region through foreign direct investment Provides timely analysis of Canadian and Asian interactive investments in renewable energy and electric vehicles (EVs).
APF Canada’s 2nd Investment Monitor Report 2024, Climate change solutions and cleantech secured C$29 billion in bilateral investments between Canada and Asia in the renewable energy sector from 2003 to 2023. The report was released today ahead of the 2024 Canada in Asia Conference event (February 26-29), which will be co-hosted in Singapore. APF Canada and Universities Canada focused on trans-Pacific cooperation on climate change solutions and agri-food.
Understanding key trends in Canadian and Asian renewable energy and EV investment relationships over the past 20 years helps today’s Canadian cleantech companies navigate regional supply chains across the Indo-Pacific’s fast-growing and dynamic economies. will be in a better position for successful integration.
highlights of Climate solutions and cleantech: Building a greener Indo-Pacific through foreign direct investment include:
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inside Renewable energy sectorshare of Canadian foreign investment 70% Proportion of two-way renewable energy investments between Canada and the Asia-Pacific region over the 20-year period 2003-2023. EV fieldmeanwhile, 64% The share of two-way investment was driven by Asian economies.
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At the national level, the report shows that Canada is diversifying its investments from China and that two-way investment with China is increasing. Australia, Taiwan, India, and South Korea It started in the 2010s and since then. 67% Total bilateral investment.
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China is Canada’s fifth largest investment partner. 3.4 billion Canadian dollars was replaced between 2003 and 2022, which is mainly due to investments in the period 2000 to 2010 and does not reflect recent trends.
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At the local level, three of them AustraliaStates – New South Wales, Western Australia and Queensland – occupy twenty five% Share of Canadian investment in renewable energy and EVs in the region.
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Regarding investment on the Canadian side, Ontario Canada is the largest destination for investment in renewable energy and EVs from Asia and attracts most investors. 90% This investment (10.4 billion Canadian dollars) for the past 20 years. Nearly half of that amount has been invested in Ontario over the past four years, suggesting the province’s efforts to become an EV hub may be starting to pay off.
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State-owned enterprises (SOEs) Plays a major role in clean technology investment in Canada and Asia.Over the past decade, the majority of state-owned enterprises’ investments have been canadian state owned companythey are all canada pension fund,in view of 74% Percentage of total two-way state-owned enterprise investment since 2003.
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moreover, 98% Of this investment from Canadian pension funds, past 5 yearswhich suggests that these Canadian SOEs expect continued growth in the clean technology sector.
Climate solutions and cleantech: Building a greener Indo-Pacific region through foreign direct investment We use data from the Canadian Asia Pacific Foundation’s Investment Monitor database. This database provides information on investment flows in Canada and the Asia-Pacific region at the national and subnational levels. This database is publicly available on Investment Monitor’s website, investmentmonitor.ca.
learn more:
The Canada Asia-Pacific Foundation is a not-for-profit organization focused on relations between Canada and Asia. For more information about the Foundation, please visit www.asiapacific.ca.
Media contact:
Canada Asia Pacific Foundation
Michael Roberts, Communications Director
michael.roberts@asiapacific.ca
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