In advance of the upcoming federal budget, the Pembina Institute provided the following recommendations:
Recommendation 1: Enable a modern, resilient east–west electricity grid based on renewables
- Amend the Clean Electricity Tax Credit to provide an enhanced 50% credit for interprovincial and interregional transmission projects and a 10% adder for projects using Canadian content, and invest $25.5 billion over 5 years.
Recommendation 2: Invest in climate-resilient housing
- Invest $1 billion per year for five years to support the advancement and scaling of the Canadian building retrofit market through the continuation and enhancement of existing programs.
Recommendation 3: Invest in energy demand-side management infrastructure
- Provide funding in the amount of $6.5 billion over five years to match provincial or territorial investment into demand-side management.
Recommendation 4: Fund Indigenous-led and northern clean energy
- Allocate $5 billion over five years to advance Indigenous-owned and Indigenous-led clean energy projects through grants and loans.
Recommendation 5: Establish labour conditions for fast-tracked projects
- Direct the Major Projects Office to establish labour conditions for any approved and fast-tracked projects.
Recommendation 6: Reaffirm the industrial carbon price
- Reaffirm the industrial carbon price at a level that will drive near-term investment in emissions reductions.
