Budget 2023 : un plan solide pour maintenir la compétitivité du Canada

The Canadian Climate Institute views the 2023 federal budget as a strategic response to the US Inflation Reduction Act, utilizing investment tax credits, the Canada Growth Fund, and the Canada Infrastructure Bank to mobilize private capital for clean energy. Key priorities include clean electricity, hydrogen production, and climate resilience funding.

• The 2023 federal budget is described as the most significant in recent history for accelerating clean growth in Canada, serving as a strategic response to the United States' Inflation Reduction Act to ensure Canada remains competitive in the global transition to carbon neutrality.
• The budget introduces investment tax credits estimated at 17 billion dollars over five years to attract private capital. This includes a 30% refundable credit for equipment used in clean technology manufacturing or critical minerals processing, and credits between 15% and 40% for clean hydrogen production and its conversion to ammonia.
• The Canada Infrastructure Bank is designated as the primary government financing tool for clean electricity production, transport, and storage, with planned support of at least 10 billion dollars for clean energy and another 10 billion dollars for clean growth infrastructure. The bank will also provide loans to help Indigenous communities acquire stakes in these projects.
• Clean electricity is a central pillar of the budget, with investment tax credits for the sector valued at 6.3 billion dollars over five years and 25.7 billion dollars over the next decade. These credits are linked to provincial commitments to carbon-neutral and affordable electricity.
• The budget allocates specific funding for climate disaster resilience: 15 million dollars for a public flood vulnerability portal via Public Safety Canada, 48 million dollars for identifying high-risk flood zones and modernizing the Disaster Financial Assistance Arrangements, and 31.7 million dollars for a flood insurance program for uninsured Canadians.

APA

Canadian Climate Institute (2023). Budget 2023 : un plan solide pour maintenir la compétitivité du Canada. https://institutclimatique.ca/budget-2023-plan-solide-maintenir-competitivite-canada/

Chicago

Canadian Climate Institute. Budget 2023 : un plan solide pour maintenir la compétitivité du Canada. 2023. https://institutclimatique.ca/budget-2023-plan-solide-maintenir-competitivite-canada/.

Wikipedia

{{cite press release |author=Canadian Climate Institute |title=Budget 2023 : un plan solide pour maintenir la compétitivité du Canada |date=29 March 2023 |url=https://institutclimatique.ca/budget-2023-plan-solide-maintenir-competitivite-canada/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{canadianclimateinstitute2023budget, author = {{Canadian Climate Institute}}, title = {{Budget 2023 : un plan solide pour maintenir la compétitivité du Canada}}, publisher = {Canadian Climate Institute}, year = {2023}, month = mar, url = {https://institutclimatique.ca/budget-2023-plan-solide-maintenir-competitivite-canada/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }