The three keys to kickstarting Canada’s net-zero industrial policy
Bentley Allan, Derek Eaton
June 23, 2023
While Canada has tabled a variety of clean economy policies to support industry since 2016, the latest proposals represent a step toward a true industrial strategy.
A working paper we recently released with the Transition Accelerator compared low-carbon subsidies in the U.S. Inflation Reduction Act with incentives on offer in Canada. For blue hydrogen production, which uses natural gas as a raw material and captures
The American Inflation Reduction Act has opened big gaps between the incentives for low-carbon investment in Canada and the U.S., threatening our ability to compete in a world that is on a turbo-charged path to net-zero emissions.
“The U.S. is offering very clear incentives that are available to everyone,†Michael Bernstein, executive director of Clean Prosperity, a climate policy think-tank, said in an interview. “If Canada is only putting in place a tailored approach for a
Many believe the Inflation Reduction Act (IRA) has given the United States an insurmountable advantage over Canada attracting projects related to CCUS, hydrogen, and battery manufacturing, among other sectors.