• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
13 Canadian Fossils Linked to Massive Losses in Western Wildfires May 29, 2023
Hamilton Plans Canada’s First Heat Bylaw for Rental Housing May 29, 2023
UK Traffic Calming Strategy Produces Solid Results, Manufactured Anxiety May 29, 2023
Community Wind Farm Earns Support, Generates Income in German Village May 29, 2023
‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair May 23, 2023
Next
Prev

Invest in Bioeconomy to Tap $200-Billion-Per-Year Opportunity, Industry Advocate Urges Ottawa

March 26, 2021
Reading time: 2 minutes

Department of Energy/Flickr

Department of Energy/Flickr

 

Canada is missing out on a C$200-billion-per-year opportunity to build an industrial bioeconomy using feedstocks from forestry, agriculture, and municipal solid waste, Passmore Group CEO Jeff Passmore writes in a post this week for Biofuels Digest.

He’s calling on Canada to craft a national bioeconomy strategy, led by the departments of agriculture, natural resources, and innovation—or let provincial governments take the lead “if Ottawa is not up to developing a practical, action-focused roadmap”.

  • Be among the first to read The Energy Mix Weekender
  • A brand new weekly digest containing exclusive and essential climate stories from around the world.
  • The Weekender:The climate news you need.
Subscribe

Passmore traces bioeconomy development in the United States and the European Union, adding that strategies are already in place in about 50 countries around the world. He cites a May, 2020 report in which the McKinsey Global Institute concludes the “direct economic impact of the Bio Revolution could be up to US$4 trillion a year over the next 10 to 20 years.” More than half of that activity, McKinsey added, would fall “in domains such as agriculture and food, consumer products and services, and materials and energy production.”

With 9% of the world’s forests and 60 million hectares of agricultural land, Passmore says the question for Canada is whether it wants to be a part of that picture. “But for latecomers (and Canada, at the national bioeconomy policy level at least, seems to have a near blind spot) the prize will be nothing,” he warns. “To be fair, there are already some Canadian enterprises working in this space including, for example, biobased plastics, biobased cleaning products, renewable fuels, tall wood buildings, and more recently, biodegradable face masks. But many have had to go offshore to pursue financing and commercialization—usually in the United States.”

Passmore traces government bioeconomy efforts to date and lists some of the challenges his vision would have to navigate, particularly the training required to scale up a new industry. As a starting point, he calls on Finance Minister Chrystia Freeland to “end the tax subsidies and direct cash infusions” to the fossil industry, introduce “stronger low-carbon regulations across the economy”, set up a federal bioproduct procurement program, expand renewable energy tax credits to bio-products, and send the right market signals as a catalyst for private investment.



in Bioenergy, Canada, China, Climate & Society, Community Climate Finance, Demand & Distribution, Ending Emissions, Energy / Carbon Pricing & Economics, Energy Subsidies, International Agencies & Studies, Jurisdictions, Petrochemicals & Plastics, Renewable Energy, Supply Chains & Consumption, UK & Europe, United States

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

Martin Davis/Facebook
Carbon Levels & Measurement

13 Canadian Fossils Linked to Massive Losses in Western Wildfires

May 29, 2023
2
Neal Alderson/Twitter
Heat & Temperature

Out-of-Control Wildfire Burns Homes, Forces Evacuations Outside Halifax

May 29, 2023
74
York Region/flickr
Heat & Temperature

Hamilton Plans Canada’s First Heat Bylaw for Rental Housing

May 29, 2023
3

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

Neal Alderson/Twitter

Out-of-Control Wildfire Burns Homes, Forces Evacuations Outside Halifax

May 29, 2023
74
pixabay

Anti-Mob Laws to Prosecute Fossils, Kudos for Calgary, 113M Climate Refugees, Orcas Fight Back, and a Climate Dictionary

May 24, 2023
134
Inspiration 4 Photos/flickr

Cooling Upper Atmosphere Has Scientists ‘Very Worried’

May 23, 2023
274
University of Oxford Press Office/flickr

PEROVSKITES: Qcells Plans First Production Line for ‘Miracle’ Solar Cell

May 23, 2023
435
Arctic Circle/flickr

‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair

May 23, 2023
399
François GOGLINS/wikimedia commons

Corrosion Problem Shutters Half of France’s Nuclear Reactors

August 2, 2022
3.7k

Recent Posts

Martin Davis/Facebook

13 Canadian Fossils Linked to Massive Losses in Western Wildfires

May 29, 2023
2
York Region/flickr

Hamilton Plans Canada’s First Heat Bylaw for Rental Housing

May 29, 2023
3
Jörg Möller/Pixabay

UK Traffic Calming Strategy Produces Solid Results, Manufactured Anxiety

May 29, 2023
3

Waste Heat from Quebec Data Centre to Grow 80,000 Tonnes of Veggies Per Year

May 29, 2023
6
kpgolfpro/Pixabay

Community Wind Farm Earns Support, Generates Income in German Village

May 29, 2023
8
Pexels/pixabay

Engineers Replace Sand in Concrete with Disposable Diapers

May 29, 2023
7
Next Post
jagritparajuli99/Pixabay

74% of Scientists Want Virtual Meetings to Continue Post-Pandemic

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}