Canada V5G 3H2. Overview of the economy of the Canadian province of British Columbia, Information and Communications Technology (ICT), British Columbia Strawberry Growers Association, "Population Estimates - Province of British Columbia", "The Daily Gross domestic product by industry: Provinces and territories, 2018", "Agriculture & Seafood - Province of British Columbia", "Economic Regions - SGC 2006 - 59 - British Columbia", "BC Labour Market Information (Regional Profiles)", "British Columbia | The Canadian Encyclopedia", "Canadian National Railway (CN) | The Canadian Encyclopedia", "Industry - Province of British Columbia", "Financial & Economic Review - Province of British Columbia", "B.C. In 2021, British Columbia's GDP was. The Circular Innovation Council has developed the Standard Waste Audit Method (SWAM) and the Waste Auditor Training Course in 2012 as part of the 3RCertified Program to standardize waste characterization and measurement in waste . B.C. However, as Canada's westernmost province, located between the Pacific Ocean and the Rocky Mountains, B.C. Fueled by research experts, Beyond looks past the current reality to a different future. This year, the Circular Innovation Council has expanded the campaign to recognize October 1st through 31st, 2022 as Canada's very first Circular Economy Month! CleanBC is government's plan to lower climate-changing emissions by 40% by 2030 and we are already making progress. Carolyn Ali is a writer for UBC Brand and Marketing. has committed to reducing greenhouse gas emissions to 40% from 2007 levels by 2030. In 2016, close to 6,900 B.C. Burnaby, British Columbia. [7], While service-based industries dominate its cities, resource-based sectorsprincipally forestry, agriculture, natural gas and mining, figure prominently as economic activities in less urbanized areas.[8]. 2022 Labour Market Outlook, a forecast of labour demand and supply trends carried out by the . University of British Columbia, Needs Assessment and Well-Located Land: A Data-Driven Solution to Balanced Supply of Housing, British Columbia; McMaster University, CHEC Administrative Data Centre, Ontario; McGill University, Data Homebase: A prototype visualizing Canada's housing characteristics to foster a circular economy, Quebec Telephone +358 294 618 991 Read more about Zero Waste initiatives in B.C. Circular Economy is a system to reduce - and eventually eliminate - waste and manage raw materials' scarcity through the continual use of resources. The Project is a 5-year action plan to set the stage for the development of a circular economy on Vancouver Island. But the link between recycled products doesnt need to be that direct. Natural gas extraction has taken place in B.C. About This Blog. British Columbia has over 150 years of mining history. provincial economy from sector-specific or trading partner-specific negative impacts. Further, 83% of businesses in B.C. The recycling process is far from perfect. Agencies such as Moody's, Standard and Poor's, and Fitch rate B.C.s debt as AAA and stable. 's Key Indicators - Province of British Columbia", "Prince Rupert is North America's closest port to Asian Markets for exporting", "NEB Canada's Renewable Power Landscape 2017 Energy Market Analysis", "Comparison of Electricity Prices in North America", "NEB Provincial and Territorial Energy Profiles British Columbia", "Find an Institution - Province of British Columbia", "BC Education Organizations and Service Providers", "Industry Training Authority (ITA) Corporate Report", "How Canada became an education superpower", "Corporate Income Tax Rates & Business Limits - Province of British Columbia", "Personal Income Tax - Province of British Columbia", "Sales Taxes - Province of British Columbia", "Provincial Credit Ratings - Province of British Columbia", "Issue 18-76 Measuring Diversification in British Columbia - Province of British Columbia", "Inward Greenfield FDI Performance Index - Economy Provincial Rankings - How Canada Performs", "Stock of Foreign Direct Investment (FDI) in Canada, 2018", "Asian state investment in Canada waning: report", "Trade and Invest BC - Invest In Canada | BC Workforce | Trade and Invest BC", "Mercer Canada | 2019 Quality of Living Survey", "Economist Intelligence Unit Livability Ranking", "15th Annual Demographic Housing Affordability Survey", "Mercer's 25th annual Cost of Living Survey finds cities in Asia most expensive locations for employees working abroad", "Trade and Invest BC - Invest in Canada BC | BC Agrifoods | Trade and Invest BC", "Trade and Invest BC - Invest in Canada BC | BC Clean Tech | Trade and Invest BC", "Trade and Invest BC - Import BC Canada forestry - lumber | Trade and Invest BC", "B.C. Provincially, Quebec and British Columbia are out in front, both actively developing circular economy strategies. Like us on Facebook; Follow . StrongerBC: A Plan for Today, a Vision for Tomorrow builds on B.C.'s strength - its people. Water and waste resource management technologies that turn wastewater and solid waste into drinking water, clean energy and marketable materials. The network comprises a transdisciplinary consortium of universities, government, industry and NGOs located in . In a circular economy, nothing is waste. An extensive all-weather provincial highway and railway network makes transporting goods and services to North American markets seamless and reliable. Budget 2022 is investing more than ever before to help people and communities make the transition to a cleaner, stronger economy through the CleanBC Roadmap to 2030. [citation needed], The University of British Columbia (UBC)ranked second in Canada in both computer science and engineeringholds dozens of Canada Research Chairs and has produced approximately 200 spin-off companies. The sector includes a diverse group of companies capable of supporting global supply chains, offering products and services in such areas as: There are approximately 2,800 food and beverage processing companies in B.C. Summary: This guide provides resources for urban policy makers, focusing on three main aspects of urban systems: buildings, mobility, and products. [12], British Columbia has historically been a resource-dominated economy centred on the forest industry, with fluctuating importance in mining, farming and natural gas. Through its redesign, reuse, recycling and retooling of materials, the circular economy will create additional jobs and revenue streams while improving the region's self-sufficiency and resilience. In 2017, British Columbians disposed of an average of 506 kg of municipal solid waste per person - down 61 kg per person since 2012. 00181 Helsinki In addition to the many towns and cities in these regions, the province is home to over 200 First Nations,[6] where many of these First Nations communities are actively involved in local economic development related to their traditional territories. preventing waste through new and innovative business models or through improved design either for disassembly or for longevity; maximizing the continuation of a products life through enhanced re-use, repair or remanufacture; and, improving end of life processing and resource recovery", Repair Cafs are operated throughout British Columbia by a number of repair-oriented community organizations. Circular economy solutions are needed to safeguard biodiversity and solve the climate crisis. Mon, Nov 14, 2022 5:00 AM PST. 2022 Fall For Local! For the past two days Waste & Recycling Expo Canada brought together the waste, recycling and public works industries, from transportation, heavy equipment, composting and MRFs to construction, road safety, sustainability solutions and more. [4] This can be attributed to relatively mild weather along the Pacific Northwestern coast and in various sheltered valleys. British Columbia's mineral and coal exports were worth nearly $9 billion (CAD). It entails gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system. [23] There are also 350 private career training institutions with more than 50,000 students attending yearly. The other 91% is dumped, released into the atmosphere or joins an ever-growing mound of stuff. 4 min read Less Plastic. [20], British Columbia also has an abundance of natural gas, estimated at over 2,900 trillion cubic feet of marketable shale gas reserves. Home The RCBC . So we view it as part of the circular economy. Economic Forecast (2019-2022, 2018-2021), Central1 Credit Union[17]. [50], The British Columbia Strawberry Growers Association (formerly the Fraser Valley Strawberry Growers Association) represents strawberry growers here, a small number of about 48 in the Fraser Valley. Read more Multidisciplinary Undergraduate Research Projects in Health (MURPH) Application is open to all UBC Okanagan undergraduate students and faculty members, as well as industry. [29] B.C. More contact numbers. However, in recent years, a pine beetle outbreak and large forest fires have resulted in low timber supply and caused numerous challenges for the industry. British Columbia has six railways crossings into the United States. In 2015, Canadian hedge funds enjoyed a successful year, gaining 6.21% while the Canadian Composite S&P/TSX dropped 11.09%. 1. VEC continues to collect resources for businesses in different stages of the circularity transition. About Beyond, The answer is key to a more sustainable future. FDI enhances the ability of businesses and countries to expand capacity, resulting in more economic activity, more jobs, new sources of tax revenue, and gains in income. Keeping products and materials in operational use. Join to follow The University of British Columbia. is $13.85 an hour as of June 2019 and is set to rise incrementally in coming years. Currently 16 metal and coal mines are in production and over 1,000 significant industrial mineral and aggregate operations are found throughout the province. Feel free to republish the text of this article, but please follow ourguidelines for attribution and seek any necessary permissions before doing so. 's economy is more diverse, with service industries accounting for the largest portion (75%) of the province's gross domestic product (GDP). After a consumer has used something, you use it again for something else.. It can refer to a lot of different things, Dr. Hardisty notes. is 7% (PST). To see these again later, type ", {"type": "chips","options": [{"text": "More languages"},{"text": "COVID-19 safety"},{"text": "COVID-19 vaccine"},{"text": "Travel"},{"text": "COVID-19 testing"},{"text": "Self-isolation"},{"text": "COVID-19 data"},{"text": "Connect by phone"}]}, Employment, business and economic development, Employment standards and workplace safety, Birth, adoption, death, marriage and divorce, Environmental protection and sustainability, Tax verification, audits, rulings and appeals, Fraser Valley Highway 1 Corridor Improvement Program, Highway 1 - Lower Lynn Improvements Project, Belleville Terminal Redevelopment Project, Jurisdictional Scan for Circular Economy (PDF, 2.1 MB). Fields of innovation include: With leading market share in the United States, China, Japan, and South Korea, B.C. "With the linear economy, we pull resources out of the ground, use them to make a thing, use that thing, throw it into the garbage, and that goes to the landfill," explains Dr. Hardisty. British Columbia U.S. toilet paper production is wiping out Canada's boreal forest, report claims . The principles of a circular economy are restorative. Key areas where British Columbia is producing products and services include HIV-AIDS, oncology and genomics fields. Forest Sector Overview | Forestry Innovation Investment Ltd", "Trade and Invest BC - Invest in Canada | BC Information ICT| Trade and Invest BC", "Trade and Invest BC - Invest in Canada | BC Mining - Gold | Trade and Invest BC", "Trade and Invest BC - Invest in Canada | BC Natural Gas | Trade and Invest BC", https://en.wikipedia.org/w/index.php?title=Economy_of_British_Columbia&oldid=1116807595, Articles needing more viewpoints from March 2021, Short description is different from Wikidata, Articles with unsourced statements from April 2022, Articles with unsourced statements from November 2020, Creative Commons Attribution-ShareAlike License 3.0. With its educational content and workshop material, Project Zero prepares a generation of circular economy leaders. has unique economic characteristics that distinguish it from much of the rest of Canada. Over the past several decades, employment in resource industries has fallen steadily as a percentage of employment, and new job growth has occurred mostly in the construction, real estate, leasing and rental, and the retail/service sectors. The course builds upon basic knowledge of architectural and urban design and engineering, as well as general knowledge of Circular Economy theory. Canada, and in turn, British Columbia's system of government, is based on the British parliamentary model. The Pipe Shop @ the Shipyards North Vancouver, BC. About 60% of British Columbia is forested, accounting for approximately 19.5% of the forested land in Canada. In the 2010s, the Province of British Columbia identified the circular economy as a focus area for regional sustainable development. Next week, a number of circular economy events and conferences will take place virtually to further explore the current state of the plastic . Summary: This discussion paper provides a number of case studies of circular economy initiatives in Canada and abroad. [9] However, the area was difficult for early Europeans to reach, such that it was the last part of North America to be explored. British Columbia business counts with employees 2022, by NAICS category ; Canada: labor productivity in British Columbia 2000-2021; Klean Industries Inc in Energy Manufacturing Consulting 700 West Georgia Street, Suite 2500, Vancouver, British Columbia V7Y 1B3 Klean Industries provides unique technologies and solutions for resource recovery, waste recycling, and the production of clean energy from waste 1-866-302-5928 Review this The Circular Economy by Walter R. Stahel; Published on www.Nature.com (March 16, 2016), 6. Below are the 'top ten' references to previous reports developed by the British Columbia Round Table on the Environment and Economy. Regional officials working on the problem say the Lower Mainland has become an important. has had the lowest unemployment rate in Canada since July 2017. European tyre manufacturers have taken significant . employing over 32,000 people in 2017, generating $9.8 billion in revenues and $3.9 billion in exports. Regenerative by design, the circular economy keeps products, components and materials at their highest utility and value, at all times. [27] In Canada, public health insurance is available to all eligible Canadian citizens and permanent residents who can apply for provincial health coverage. [53] Clean technology companies including Ballard Power Systems, Methanex, General Fusion, MineSense, Corvus Energy, Awesense, Carbon Engineering, Powertech Labs are in business. David J. Hardisty, Associate Professor of Marketing and Behavioural Science at UBCs Sauder School of Business, explains the economic concept thats tied to reducing, reusing and recycling. Using state-of-the-art Achieving a circular economy for plastic relies on three key factors, or pillars: Eliminate, Innovate and Circulate. ), Taking post-consumer stuff and turning it into a new thing requires energy and resources, he adds. Published by Statista Research Department , Jun 22, 2022 This statistic shows the gross domestic product (GDP) of British Columbia from 2000 to 2021. offers many economic advantages, including, being home to two of the Canada's largest seaports that serve as a gateway to Asia, abundant resources, a competitive business climate, a well-regulated financial system, and fiscally responsible government with a stable AAA credit rating. has begun to expand natural gas export capacity to markets beyond North America in the form of liquefied natural gas (LNG) that can be shipped to Asia.[21]. May 26, 2020. Service industries, including healthcare, high-tech and retail sales. Getting to a Circular Economy: A Primer for Canadian Policymakers; Policy Brief by the Smart Prosperity Institute (January 2018), 4. Economy. It is bounded to the north by Yukon and the Northwest Territories, to the east by the province of Alberta, to the south by the U.S. states of Montana, Idaho, and Washington, and to the west by the Pacific Ocean and the southern panhandle region of the U.S. state of Alaska. [50], The British Columbia Blueberry Council represents growers here. Our daily lives, decision-making practices and business can fit within the earths carrying capacity. It is based on three principles: The circular economy is an alternative to the predominant linear take-make-dispose economy of production and consumption. [48], Major crops are .mw-parser-output .vanchor>:target~.vanchor-text{background-color:#b1d2ff}grapes[49] (including those bound for the country's wine industry) and blueberries. Save Promoting Circular Economy for Electronics through the EPR Approach to your collection. government expenditures. Tourism generated $18 billion (CAD) in revenues in 2017, contributing 10% to GDP. The Foundation decided to launch an incubator for circular economy ideas in collaboration with the local government and partners such as Vancity Credit Union. The CleanBC Roadmap to 2030 maps out the most promising routes to reach this target and set the course to fulfill our net-zero commitment by 2050. has six international airports, including: Victoria (YYJ), Vancouver (YVR), Kelowna (YLW), Abbotsford (YXX), Cranbrook (YXC) and Prince George International Airports (YXS). produced $8.8 billion worth of mining-related products, including coal, copper, gold, molybdenum, silver, aggregates, industrial minerals and other mining products. In 2020, British Columbians disposed of an average of 499 kilograms of municipal solid waste per person. The pollution prevention hierarchy supports a circular economy approach which can create jobs, promote innovation that provides a competitive advantage and help to protect people and the environment. to develop the province's vast natural resources and agricultural potential, ushering a period of rapid economic expansion and population growth. These cookies are required for our website to work properly and cannot be turned off. Recycled soda cans are a good example of the circular economy in action: aluminum can be repeatedly and cost-efficiently recycled into new cans. exported $2.6 billion worth of copper ores and concentrates as Canada's largest copper producer. Much post-consumer waste, such as plastics, cannot be recycled or can only be downcycled, resulting in products of lesser quality. Major dams were built to support a growing electrical grid and the Trans-Canada Highway was completed, allowing for easier movement of goods and services. [35], In 2016, half of inward FDI in Canada came from the United States. Its framework represents the priority science needed to identify and address the effects of macro-, micro- and nanoplastic plastic pollution, and to achieve a circular economy for plastics. On Sep 12, 2022 British Columbia's construction sector is coming full circleand thinking differently about the environmental impact of materials they specify. The mining industry continues to grow in environmentally sustainable and socially responsible ways to meet global demand. Financial and Economy Review (2019, 2018, 2017), Government of British Columbia[15], B.C. Collaborating to co-create innovation and joint value. Search our British Columbia, Canada Circular Economy database and connect with the best Eco-Friendly Businesses and other Circular Economy Professionals in British Columbia, Canada. Through its awareness campaigns and its incubator program, Project Zero helps to reduce waste, virgin material extraction and greenhouse gas emissions. The B.C. 6 British Food Initiatives Getting the Circular Economy Rolling. British Columbia British Columbia, westernmost of Canada 's 10 provinces. Deadline: Ongoing. In a circular economy we maintain the value of what we produce through smarter design and shifting from owning products to using services. There is a positive business case for reducing the amount of waste we generate. has the lowest provincial personal income taxes in Canada for single individuals earning up to $125,000 (CAD). Canadian hedge funds overview. British Columbia has historically been a resource-dominated economy centred on the forest industry, with fluctuating importance in mining, farming and natural gas. In 2017, the global venture capital community injected $646 million in British Columbia. The circular economy is underpinned by three key principles: . The ports of Vancouver and Prince Rupert, which are ice-free year-round, are Asia's closest ports of entry on the west coast of North Americasaving shippers more than two days travel time as compared to other west coast ports. This article was published on November 18, 2021. The northeast region of the province is where most natural gas resources can be found in areas such as the Horn River Basin, the Montney Basin, the Liard Basin and the Cordova Embayment. Transportation services accounted for nearly a third (32.0%) and retail services accounted for more than a quarter (26.3%) of total tourism revenue. has ranked second only to Alberta in natural gas production in Canada. The emerging circular economy around the globe is deemed to provide some answers to the great challenges facing humanity: world population is on pace to reach 9.4 billion by 2050; middle class population is expected to hit 4.9 billion by 2030; energy use and greenhouse gas emissions will rise by about 50%, and demand for water will be 40% higher than supply in the next 20 years. [30] The sales tax rate for purchased retail goods in B.C. B.C.s aerospace sector is the third-largest in Canada. There were nearly 19,000 tourism-related business establishments operating in the province during 2015, including over 400 Indigenous businesses offering authentic cultural experiences.[62]. Type a question or click on a popular topic below. Together, these ventures created 23 new green jobs. What we talk about when we talk about the circular economy By Carol J Clouse on GreenBiz (February 2019), 3. Domestically, British Columbia, is a member of the New West Partnership Trade Agreement, which creates a single economic region encompassing British Columbia, Alberta, Saskatchewan and Manitoba: a marketplace of more than 11 million people and a GDP of more than $700 billion. Bringing your old phone back to the company to turn it into a refurbished phone. Circular Economy Seed Funding-National (2022-2023 Funding Round) Application is open to all faculty members and small and medium sized companies across Canada. It also includes a detailed discussion on opportunities and recommendations for the development of a circular economy. About 60% of British Columbia is forested, accounting for approximately 19.5% of the forested land in Canada. The mandatory minimum wage in B.C. The way our economies extract, use, then dispose of resources is putting pressure on our natural systems, communities, and public health. [56], B.C. To quantify the total contribution of the forest sector to . How it started The Vancouver Island-based non-profit Synergy Foundation focuses on green business, food security and the circular economy. One that considers building materials beyond their end-of-life. With more than $1.2 billion in new funding for CleanBC, Budget 2022 is accelerating actions to strengthen communities and expand opportunities for clean economic growth. Spring Edition. Among other things, they take care of remembering the cookie preferences you select and loading different functions on the website, such as maps and online tests. Other key markets for the province include China (15%), Japan (11%) and other Asian countries (12%). [citation needed] The city has 800 to 1,100 start-ups. The Province is preventing waste, tackling plastics pollution and supporting the circular economy by: expanding the beverage container deposit-refund system to include milk and milk-alternative containers, and recycling up to 40 million more containers annually, starting in February 2022; There is a focus on the use of renewable energies, the minimization of toxic methods and materials. Vast timber supplies British Columbia has 55 million hectares of productive forests that provide diverse and abundant wood fiber. is Canada's only producer of molybdenum ores and concentrates ($110 million in exports). Smaller scale LNG exports are planned for Fortis BC's Tilbury Island facility in Delta and by Woodfibre LNG in Squamish, owned by Pacific Oil & Gas. to come onstream with a large-scale LNG export capacity by 2025. [54] The B.C. They're looking for ways to change from a 'take-make-waste' approach to a more circular economy. [11], Around the turn of the 20th century, entrepreneurs came to B.C.
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