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Ottawa sees commercial opportunity for cleantech in Biden-led climate push

World leaders attending the Biden administration’s Leaders Summit on Climate are broadcast in the East Room of the White House in April 2021.
World leaders attending the Biden administration’s Leaders Summit on Climate are broadcast in the East Room of the White House in April 2021. Brendan Smialowski/AFP via Getty Images
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OTTAWA — At U.S. President Joe Biden’s Leaders Summit on Climate on Thursday, Prime Minister Justin Trudeau committed Canada to reducing its emissions by as much as 45 per cent below 2005 levels by 2030, up from the 30 per cent goal it adopted six years ago under the Paris Agreement. The announcement came the same week as a federal budget in which the Liberal government allocated fresh billions in green business-support funding. Here’s what you need to know about the announcements, and what they mean for Canada’s innovation economy:

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