Budget 2024 makes important progress on carbon contracts for difference
Expanding the carbon contracts for difference program could have a big impact on low-carbon growth. Fast follow-through will be key.
Category: Press Releases
Canada could fall short of climate targets without expanded contracts for difference program
New modelling shows Canada could miss out on up to 33 megatonnes of emissions reductions per year by 2030.
First carbon contract for difference in Canada a strong step forward to unlock low-carbon growth
The Canada Growth Fund’s first carbon offtake agreement should be a stepping stone towards a broader contract for difference program
Federal government’s ERP update is commendable, though may be too optimistic
Clean Prosperity Director of Policy and Strategy Brendan Frank made the following statement about the federal government’s 2023 Progress Report on the 2030 Emissions Reduction Plan (ERP), released today: “The progress report on the federal government’s 2030 Emissions Reduction Plan is an important accountability tool to ensure that we’re making progress in decarbonizing the Canadian
New cap-and-trade system for oil and gas is not the right direction
Clean Prosperity Western Director Adam Sweet made the following statement about the federal government’s new emissions cap for the Canadian oil and gas sector, announced today: “The federal government’s decision to implement a cap-and-trade system solely for Canada’s oil and gas industry is the wrong policy. This approach creates uncertainty and regulatory complexity that risks
Fall Economic Statement’s carbon contracts for difference are an important boost to Canada’s low-carbon economy
"Today’s announcement is an important step for stimulating Canadian low-carbon economic growth, and for climate action," said Clean Prosperity Executive Director Michael Bernstein.
Increase in rural rebate top-ups improves carbon tax fairness, but exempting heating oil raises questions
Clean Prosperity welcomes one of two changes to Canada's carbon pricing policy announced yesterday by the federal government, and has concerns about the other.
Alberta can win low-carbon investment race: new findings show how
New economic modelling shows how to close incentive gaps with the US.
Canadian low-carbon incentives remain well behind the US, despite significant measures in Budget 2023
Gaps remain in incentives for technologies from carbon capture to hydrogen, with electricity a notable exception
Alberta climate plan sets sights on low-carbon growth
Net zero commitment signals province is open for low-carbon business
Budget takes big steps on climate action though more is needed
The announcement today that a majority of Canadian provinces have proposed industrial carbon pricing systems that meet federal standards could be good news for Canadian industry, the Canadian economy, and our climate targets.
New data shows what Canada can do to compete for low-carbon investment
Gaps remain in incentives for technologies from carbon capture to hydrogen, with electricity a notable exception