Les priorités environnementales à surveiller dans le budget 2023
Summary
The Canadian Climate Institute identifies two main priorities for the 2023 federal budget: attracting clean investment to compete with the US Inflation Reduction Act and expanding the electrical grid. It recommends using carbon contracts for difference instead of direct subsidies and implementing an 'electro-federalism' approach to coordinate grid improvements with provinces.
Key insights
- Canada needs a domestic response to the US Inflation Reduction Act to prevent the flight of capital and clean growth projects to the United States. The Institute suggests that Canada should leverage its existing carbon pricing system rather than simply replicating the US model, which could be costly and inflationary.
- To stimulate clean growth projects in sectors like clean electricity, hydrogen, and carbon capture and storage, the government should prioritize 'carbon contracts for difference' over direct subsidies. This approach is intended to provide political stability for private investors by sharing risk rather than placing the full burden on the state.
- The 2023 budget is seen as an opportunity to develop a larger, cleaner, and smarter electrical grid. The Institute recommends federal investment tax credits for all types of clean production and funding for interprovincial grid connections to reduce the economic burden on consumers.
- The document proposes a model of 'electro-federalism' where the federal government provides significant funding to provinces for grid investment, contingent on provinces meeting climate goals, mandating independent trajectory assessments, and creating comprehensive energy plans.
Cite the original document
- APA
- Canadian Climate Institute (2023). Les priorités environnementales à surveiller dans le budget 2023. https://institutclimatique.ca/les-priorites-environnementales-a-surveiller-dans-le-budget-2023/
- Chicago
- Canadian Climate Institute. Les priorités environnementales à surveiller dans le budget 2023. 2023. https://institutclimatique.ca/les-priorites-environnementales-a-surveiller-dans-le-budget-2023/.
- Wikipedia
- {{cite press release |author=Canadian Climate Institute |title=Les priorités environnementales à surveiller dans le budget 2023 |date=22 March 2023 |url=https://institutclimatique.ca/les-priorites-environnementales-a-surveiller-dans-le-budget-2023/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{canadianclimateinstitute2023les, author = {{Canadian Climate Institute}}, title = {{Les priorités environnementales à surveiller dans le budget 2023}}, publisher = {Canadian Climate Institute}, year = {2023}, month = mar, url = {https://institutclimatique.ca/les-priorites-environnementales-a-surveiller-dans-le-budget-2023/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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