Marielle Remillard

One uses magnets that are becoming increasingly rare, and one is mechanical design.

As rare earth magnets become more scarce, the industry will likely shift to mechanical alternatives, which will need more lubricant.

We'll also see an expansion in infrastructure.

The offshore wind industry is going to need ports that can store enormous components.

It's going to need ships that can erect skyscraper-sized wind turbines in the ocean.

Those ships are going to need new engines that can burn alternative fuels like methanol and ammonia.

In fact, ammonia demand is expected to double through 2030 and triple by 2050.

that extra ammonia is going to need storage.

So if you're a chemical storage tank producer, this is an opportunity for you too.

And I haven't even touched the surface on the finance sector, the education sector, construction, logistics services that are all going to experience increased opportunities as we achieve net zero.

Now, I think it's important to take a pause here to note I'm not advocating for more consumption on our pathway to net zero.

And I think it's really important to acknowledge that clean technologies can come with their own environmental and social costs.

We're going to need to be really thoughtful about how we do this.

But these opportunities can also lead to innovations in new and different ways, right?

Better processes, better use and recycling of materials.

The LED light bulb is a really good example here.

This is a technology that reduces our energy use, but also saves consumers money and uses a fraction of the materials that go into a CFL or an incandescent bulb.

Achieving net zero is not going to be easy.

The timelines are incredibly tight, and given the complexity involved, it's going to require collaboration from both the public and the private sectors.

But this also provides an opportunity for innovation and for growth.