The Green Budget Coalition appreciated the major federal funding announcements for climate and nature in Budget 2023 and at the UN Convention on Biological Diversity COP15 in Montreal, and urges the government to continue to seize this opportunity to transform society to address the twin climate and biodiversity crises, create sustainable jobs and ensure enduring prosperity and well-being for all.
Canada’s Clean Fuel Regulations will drive a dramatic reduction in greenhouse gas emissions once the regulations are fully implemented. Key to success is ensuring that fuel producers are acting in compliance and that any revenue generated by noncompliance is invested in projects that will lower emissions in the short term. A well-designed Environmental Economic Instruments Fund will help support policies.
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