Ottawa is considering restricting billions in clean energy funding to provinces that commit to the 2035 target for an emissions\u002Dfree grid. Read on.
But there are several other new investment tax credits for hydrogen production, clean technology and carbon capture and storage systems, worth tens of billions over the next 12 years. There is also at least $3 billion in grants for renewable electricity projects and technology upgrades to make the grid more efficient, and the federal government has promised to consider helping fund transmission lines inside provinces in certain situations.
The 2035 clean-power target will be enshrined in regulations, and Guilbeault is expected to publish the first draft of those rules as early as this week. They will spell out, for example, a timeline for natural gas power plants to be closed or fitted with carbon-capturing systems. “We will not attempt the impossible when it comes to power production in our province,” Saskatchewan Premier Scott Moe said in May.“We will not attempt the impossible when it comes to power production in our province,” Saskatchewan Premier Scott Moe said in May.
Aiming for net-zero electricity earlier is key because it unlocks the potential to decarbonize many other industries down the road. Electric vehicles, for example, are only non-emitting if the power used to charge their batteries comes from non-emitting sources. He also said the disagreement isn’t about whether to build non-emitting electricity. It’s about how fast to do it.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Provinces may have to agree to Ottawa’s 2035 clean power target to access fundingThe option could be the latest political grenade in the federal-provincial relationship when it comes to environmental matters
Read more »
Provinces may have to agree to Ottawa's 2035 clean power target to access fundingThe federal government is considering restricting billions of dollars in tax credits and grants for electricity projects to provinces that commit to the 2035 target for an emissions-free electricity grid.
Read more »
Provinces may have to agree to Ottawa's 2035 clean power target to access fundingThe federal government is considering restricting billions of dollars in tax credits and grants for electricity projects to provinces that commit to the 2035 target for an emissions-free electricity grid.
Read more »
Provinces may have to agree to Ottawa's 2035 clean power target to access fundingThe federal government is considering restricting billions of dollars in tax credits and grants for electricity projects to provinces that commit to the 2035 target for an emissions-free electricity grid.
Read more »
Provinces may have to agree to Ottawa’s 2035 clean power target to access fundingThe option could be the latest political grenade in the federal-provincial relationship when it comes to environmental matters cdnpoli
Read more »
Provinces may have to relent to Ottawa’s 2035 clean power target to access fundingOttawa is considering restricting billions in clean energy funding to provinces that commit to the 2035 target for an emissions\u002Dfree grid. Read on.
Read more »