Budget 2023 offers $35B in green tax credits, still trails U.S. incentives
worth some C$35 billion on Tuesday, including almost C$26 billion for producing and transmitting electricity., this is probably the most important federal budget ever for addressing climate change,” said Francis Bradley, the chief executive of trade association Electricity Canada.Story continues below advertisement
While the budget makes headway on the green transition, it does not put the kind of money on the table the United States has, said Michael Bernstein, executive director of climate think-tank Clean Prosperity. The IRA could offer more than $1 trillion to clean tech investors there. “It is going to continue to be difficult to compete with the U.S. without production tax credits,” Bernstein said. For hydrogen, investment tax credits will not be enough “to keep us competitive with the U.S.”Mark Zacharias, executive director for Clean Energy Canada, agreed.
“The government is mobilizing private investment into new sources of economic growth,” said Dale Beugin, executive vice president of the Canadian Climate Institute.11-year-old dead by suicide, one of 13 who’ve died in Alberta child welfare system so far this year
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