Canada, EU form green alliance

The two sides committed to strengthening their political, technical, economic, and scientific ties, with a focus on green industrial transformation, the clean energy transition, research and innovation, climate action, environmental and ocean protection, and climate and biodiversity finance.

The partners plan to strengthen their efforts to reduce greenhouse gas emissions in the highest-emitting industrial sectors, said a joint statement.

Steel and aluminum were specifically called out as industries the partners will collaborate on while advancing low-carbon manufacturing, according to a document released by the Canadian government.

Also a part of the Green Alliance, Canada and the EU plan to increase regulatory and business cooperation in support of industry’s green transition. They also plan to continue to cooperate on the integration of their raw materials value chains.

Additionally, the EU joined Canadian Prime Minister Trudeau’s Global Carbon Pricing Challenge, which seeks to raise explicit carbon pricing coverage of global emissions to 60% by 2030. Established in 2021, the Challenge also provides participants with a forum for emissions trading discussions.

“Canada is a trusted partner for Europe in addressing the triple planetary crisis of climate change, biodiversity loss and pollution. I’m delighted to have launched the Green Alliance today with Prime Minister Trudeau,” said European Commission President Ursula von der Leyen. “This Alliance takes our cooperation to a new level, deepening and expanding our work together. From clean energy to green technologies, it will help us reach our net zero goal.”