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How Indigenous economic development corporations can support a just, low-carbon energy transition – The Conversation

June 26, 2023

There are over 50,000 Indigenous businesses in Canada today. According to the 2020 census, the Indigenous economy generated a gross domestic product of $48.9 billion dollars. A growing number of First Nations, Inuit and Métis communities are establishing economic development corporations (EDCs), of which many are involved in the renewable energy sector.

Indigenous EDCs exist across a range of industries such as retail, forestry, fisheries, energy, mining, construction and hospitality. They have the potential to be major drivers for economic growth in Indigenous communities.

The role of Indigenous EDCs in the renewable energy sector has so far been unclear. Canada’s energy industry is responsible for 80 per cent of the country’s greenhouse gas emissions. Increasing renewable energy production is an important part of reducing emissions.

Today, Indigenous communities are involved in hundreds of large renewable energy projects and thousands of small ones.

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