Canada has committed $350 Million to the support the growth of sustainable aviation in our country through a new program called the Initiative for Sustainable Aviation Technology (INSAT) announced by The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry at the Paris Airshow Monday.
It's an important announcement as forecasts globally estimate commercial aircraft emissions could triple by 2050, given the projected growth of passenger air travel and freight.
This investment, via the Strategic Innovation Fund, will establish a pan-Canadian, industry-led aerospace network that will work with companies across the country and be focused on funding collaborative research and development projects.
Projects will focus on four key technology areas: hybrid and alternative propulsion; aircraft architecture and systems integration; transition to alternative fuels; and aircraft support infrastructure and operations.
"Our government is committed to making Canada a leader and a strategic partner of choice when it comes to sustainable aviation," said The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry.
"Today's $350 million investment to support the Initiative for Sustainable Aviation Technology will help drive and accelerate the green industrial transformation of Canada's aerospace industry, generating high-value jobs while strengthening supply chains and supporting the transition to a net-zero economy."
The initative is part of Canada's Aviation Climate Action Plan 2022-2030, which lays out a strategy for achieving net zero by 2050 and was released by the Minister of Transport in the Fall of 2022.
The aerospace industry is one of the most innovative and export-driven sectors in Canada, contributing close to $27 billion and more than 210,000 jobs to the economy and in 2022, exported close to $18.7 billion in products.
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