Canada’s federal government has taken some important steps toward achieving a net-zero grid by 2035, through several initiatives supporting clean energy development in Budget 2023. These investments provide a timely boost toward meeting Canada’s target of a net-zero grid by 2035. Each offers an opportunity to mitigate barriers against the successful attainment of an affordable and reliable net-zero grid.
Budget 2023 also outlines that a competent authority in each province and territory must comply with several conditions, including a commitment to a net-zero grid by 2035, to access the Clean Electricity Investment Tax Credit (ITC).
The Pembina Institute submitted its comments and recommendations to the federal Department of Finance on the Clean Electricity Investment Tax Credit and Competent Authority.
