Contracts backstopping the future price of products like carbon or hydrogen seen boosting net\u002Dzero investments. Find out more
Industry advocates say they’re concerned that investment dollars for decarbonization will continue to flow to the U.S. while Canadian companies remain in a holding pattern as the federal government consults and analyzes before eventually introducing legislation which could be further delayed by a federal election.
Energy sector analysts have argued that an “incentive gap” has emerged with the U.S. that’s stalling investment in Canadian decarbonization projects and making it harder for Canadian companies to compete in a low-carbon economy. Contracts oblige a government agency, like the Canada Growth Fund, to guarantee a future price on carbon and pay out the difference to a project proponent if the price falls short. Conversely, some contracts require the industry to pay the government if future carbon prices climb high enough.
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