Economy

Cloud

We are combining our R&D expertise, capabilities and resources to establish a powerful green ICT project with some of the greatest innovators in Québec. Together, we will bring our creativity, know-how and ingenuity to bear to create a more prosperous green economy.

Québec’s landmark Equation Project is a unique calculation. It brings together the R&D expertise, capabilities and resources of many ICT innovators across the province with critical funding from the Government of Québec.  It is a combination that will enable the development and adoption of new green technologies that deliver economic, social and environmental benefits to the citizens of Québec.  It will help us unlock the digital economy of the future – a future that is powered by clean, green technologies.

And the opportunities are significant. Equation exploits the rare convergence of economic imperatives and environmental protection. According to a recent report published by the Global e-Sustainability Initiative (GeSI), green ICT has the potential to reduce global carbon emissions by 9.1 gigatons (GtCO2eq) by 2020. This amounts to US$1.9 trillion in gross energy and fuel savings. This is equivalent to the GDP of the Russian economy.

The carbon reductions and energy savings offered by green ICT solutions could be realized in sectors as diverse as agriculture, buildings, manufacturing, energy, transportation and consumer services.

In this context, the Equation Project seeks to:

  • Accelerate innovation and provide companies with a greater competitive edge in high-growth global markets;
  • Increase R&D cooperation among well-established companies, SMEs and researchers, and foster a culture of open innovation; and
  • Contribute to the development of a green economy.

The resulting products of the Equation Project will help to grow Québec exports, further strengthening our local economy and increasing the competitiveness of our province.  When applied, they will also help to cultivate a more sustainable environment, and develop an interconnected digital 21st century society for the people of Québec.

How Does Equation Benefit Québec?

Québec is a unique tapestry of economic sectors, geographic landscapes, natural resources and cultures.  Among its strengths, the province boasts a strong ICT sector that contributed more than $13 billion (about 5.1% of Québec’s GDP) to our economy in 2012.  It also benefits from a thriving research base and a wealth of renewable resources.

In fact, Québec is recognized around the world for its leadership in sustainable and environmentally friendly energy production.  It is positioning itself as a North American energy leader in hydropower and green electricity.  When combined with the power of ICT, these natural resources – and energy sources – can be leveraged in many ways to benefit the region and its citizens.  For example, they can be exploited to help slow global warming; create smart, interconnected cities of the future; and open-up new global markets for firms across the province.  The Equation Project aims to help Québec reap these and many other economic, social and environmental benefits offered by green technologies.

The potential for information technology to reduce global carbon emissions in 2020 is 9.1 gigatons (GtCO2eq).  This amounts to US$1.9 trillion in gross energy and fuel savings.

These carbon reductions – and the associated economic benefits and energy savings – could be realized in sectors as diverse as agriculture, buildings, manufacturing, energy, transportation and consumer services.  And they will be achieved through green ICT solutions such as cloud-based telecommunications networks and smart grids developed by Equation Project participants.