Federal government releases new draft regulations on clean electricity
Environment Minister Steven Guilbeault released draft regulations Thursday that are designed to clean Canada’s electricity grid in an affordable way by 2035.
The government plans to cover up to half of the cost of the regulations through tax credits, low-cost financing and other funds, which could mean even less cost is passed on to consumers, Guilbeault said at a press conference in Toronto. Conservatives are highly critical of the 2035 target and the potential cost it represents to consumers.
Provincial governments in Alberta and Saskatchewan say they can’t meet the 2035 goal, preferring to set the target for 2050. “They want to know what the rules of the game will be, and that’s exactly what we’re doing. We’re giving them a lot of time to prepare.”
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