Weakening targets for Large Final Emitters would result in higher Canadian GHG emissions during the period when Canada must meet its Kyoto target (2008–12). In order to meet our international obligations, the federal government would therefore have to secure an additional amount of emission reductions equal to the emission increases caused by the weakenings.
The Cost to Taxpayers of Weakening Kyoto Targets for IndustryBackgrounder
Related Publications
Design Changes to the Investment Tax Credit for Carbon Capture, Utilization and Storage Submission to Department of Finance Canada
Pembina Institute submission to the Department of Finance Canada on the proposed design of its investment tax credit (ITC) for carbon capture, utilization and storage (CCUS) projects. Public investments in CCUS must be weighed against other opportunities to drive emissions reductions in Canada on a tonne (of carbon dioxide equivalent not emitted) per dollar invested basis. As such, we support the current level of the investment tax credit (ITC) for carbon capture, but not increasing it.
Green Budget Coalition Recommendations for Budget 2024
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.