During the United Nation’s 30th Climate Change Conference in Brazil, Canada showcased its recently revealed Climate Competitiveness Strategy.
Canada advocated for smart policies and incentives that cut greenhouse gas emissions while supporting Canadian businesses, protecting jobs, and attracting investment.
At COP30, Canada’s Minister of Environment and Climate Change Julie Dabrusin announced the country’s intention to join the Coalition to Grow Carbon Markets—a partnership with states such as the United Kingdom, France, and Singapore that are supporting investments and creating jobs in the clean economy—and also endorsed the establishment of the Open Coalition on Compliance Carbon Markets, a collaborative forum of nations to exchange views on carbon pricing mechanisms, carbon accounting methodologies, and best other practices.
“This first week at COP30, Canada has been at the forefront of fighting climate change and building a sustainable and competitive global economy,” stated Dabrusin.
“This essential progress is a testament to the dedicated efforts of all our international partners at COP30,” the Minister continued.
“Canada’s message at COP30 was clear: as we transition from commitment to implementation, it is more vital now than ever to advance our collective commitments under the Paris Agreement,” Dabrusin said.
Dabrusin also signed a Memorandum of Understanding on Integrated Fire Management during a meeting with Marina Silva, Brazil’s Minister of Environment and Climate Change. This memorandum of understanding will facilitate the exchange of wildfire resources when national capacity is exceeded.
The federal government has boldly stated that the Climate Competitiveness Strategy “will help Canada build the strongest economy in the G7.” (Currently, Canada has the weakest economy among the G7.)
“The Climate Competitiveness Strategy is about betting on ourselves—on Canadian ingenuity, clean energy, and the workers and businesses that will drive the next generation of growth and prosperity,” commented prime minister Mark Carney.
With the Climate Competitiveness Strategy, Dabrusin says “we are positioning climate action and economic growth as inseparable, aiming to build a stronger, more sustainable, and more competitive Canada for decades to come.”
The Climate Competitiveness Strategy complements the 2030 Emissions Reduction Plan, according to the government, and does not replace it.
In 2024, global investments in clean energy approached $3 trillion.