Climate change progress in 2023

The Canadian Climate Institute highlights that while Canada's first Emissions Reduction Plan can meet 2030 obligations, success depends on the 2023 finalization of three key policies: an oil and gas emissions cap, the Clean Electricity Regulation, and carbon pricing improvements. The report emphasizes the need for a net-zero electricity grid by 2035, the implementation of the National Adaptation Strategy, and increased leadership from provincial, territorial, and Indigenous governments to mobilize green capital and reduce emissions.

• Canada's first Emissions Reduction Plan has the potential to meet the country's emissions reduction obligations if it is implemented quickly. Five specific policies are identified as essential to reaching the 2030 targets, three of which could be finalized in 2023: improvements to carbon pricing, the Clean Electricity Regulation, and a cap on emissions from the oil and gas sector.
• The oil and gas sector is projected to exceed its 2030 goal unless regulated, noting that emissions in this sector increased by nearly 20 per cent between 2005 and 2019. Achieving the 2030 target requires stringent implementation of the emissions cap and tighter methane controls.
• The federal government aims for net-zero electricity generation by 2035. Establishing a Net Zero electricity grid is considered a prerequisite for decarbonizing other sectors and could potentially lower overall energy costs for Canadians.
• To attract investment and provide certainty regarding future carbon prices, the document suggests the implementation of 'carbon contracts for differences' in 2023 to better integrate carbon pricing into the financial system.
• Canada has introduced the National Adaptation Strategy (NAS) to address climate-fuelled disasters and the Canada Growth Fund to mobilize private capital. Additionally, the Sustainable Finance Action Council is working to align investments with climate goals.

APA

Canadian Climate Institute (2022). Climate change progress in 2023. https://climateinstitute.ca/climate-change-progress-in-2023/

Chicago

Canadian Climate Institute. Climate change progress in 2023. 2022. https://climateinstitute.ca/climate-change-progress-in-2023/.

Wikipedia

{{cite press release |author=Canadian Climate Institute |title=Climate change progress in 2023 |date=20 December 2022 |url=https://climateinstitute.ca/climate-change-progress-in-2023/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{canadianclimateinstitute2022climate, author = {{Canadian Climate Institute}}, title = {{Climate change progress in 2023}}, publisher = {Canadian Climate Institute}, year = {2022}, month = dec, url = {https://climateinstitute.ca/climate-change-progress-in-2023/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }