Clean power is the ace up Canada’s sleeve
Summary
Canada's current electricity grid is 84 per cent non-emitting, providing a competitive advantage for low-carbon industrial production. To maintain this lead and meet the G7 goal of a net zero grid by 2035, the federal government has introduced the Clean Electricity Regulations and investment tax credits covering 15 to 30 per cent of project costs. While some provinces like Alberta have resisted these measures, the document notes that wind and solar are already cheaper than natural gas in Alberta and Ontario. The transition is expected to reduce household energy costs through technologies like heat pumps and electric vehicles while insulating the economy from fossil fuel price volatility.
Key insights
- Canada's electricity grid is currently 84 per cent non-emitting, which is significantly higher than the 40 per cent reported for the United States, giving Canadian industrial products a lower carbon footprint.
- The federal government aims for a net zero electricity grid by 2035, a target shared by the Group of Seven, and Canada's Energy Regulator has concluded that this goal is achievable.
- Renewable energy costs are now competitive with fossil fuels in certain provinces; wind is cheaper than natural gas-fired power in Alberta and Ontario, and solar is already cheaper than gas in Alberta, with costs projected to drop another 16 per cent by 2030.
Cite the original document
- APA
- Canadian Climate Institute (2023). Clean power is the ace up Canada’s sleeve. https://climateinstitute.ca/clean-power-is-the-ace-up-canadas-sleeve/
- Chicago
- Canadian Climate Institute. Clean power is the ace up Canada’s sleeve. 2023. https://climateinstitute.ca/clean-power-is-the-ace-up-canadas-sleeve/.
- Wikipedia
- {{cite press release |author=Canadian Climate Institute |title=Clean power is the ace up Canada’s sleeve |date=29 August 2023 |url=https://climateinstitute.ca/clean-power-is-the-ace-up-canadas-sleeve/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{canadianclimateinstitute2023clean, author = {{Canadian Climate Institute}}, title = {{Clean power is the ace up Canada’s sleeve}}, publisher = {Canadian Climate Institute}, year = {2023}, month = aug, url = {https://climateinstitute.ca/clean-power-is-the-ace-up-canadas-sleeve/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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