Forest Bioeconomy

BC’s 55 million hectares of forests provide a rich array of benefits to all British Columbians. Our sustainable forest management practices and our forest products sector continue to evolve to meet climate and competitiveness challenges. The forest bioeconomy offers an opportunity to leverage our strengths as we transition to a low carbon society.  

With the circular bioeconomy estimated to be a $USD 7.7 trillion opportunity by 2030, there has never been a better time to focus on transformational collaborations that will position BC as an industry leader and contribute to our goals of GHG reduction, prosperity, and thriving communities.

Mining

Critical minerals are essential to electrifying our global economy. British Columbia has the natural resources, innovation, and talent to meet this demand. However, challenges still exist for the industry to achieve a low carbon future.

Foresight's Net Zero Innovation Network aims to connect the mining industry with opportunities to reduce greenhouse gas emissions and waste, while driving economic development through job creation and retention, and positioning British Columbia mining companies as more sustainable players on the global stage.

Water

Across British Columbia, more than 100 water technology companies are working to advance solutions for the world’s most pressing water challenges — a rapidly growing market currently estimated at over half a trillion dollars. 

The goal of this water cluster is to streamline innovation around water challenges in the province, supporting the commercialization and adoption of BC-based solutions at home and abroad. The cluster will map the ecosystem, engage key organizations and ecosystem members, develop innovation partnerships, and facilitate pilot projects, working with stakeholders and rightsholders across multiple sectors to target key priority areas including water and climate and circular water.

Transportation

The Transportation sector accounts for 38% of total greenhouse gas emissions - the largest share in British Columbia. 

Urgent action is needed today to accelerate the development and adoption of low-carbon vehicle technologies and the necessary infrastructure to ensure the province meets its climate targets and our transportation systems remain competitive, sustainable, and resilient in a low-carbon future.

Our transportation cluster as part of Foresight’s BC Net Zero Innovation Network focuses on developing an integrated network of intelligent and low-carbon transportation solutions, to provide a wide range of options for the sustainable movement of goods and people across the province.