Croissance propre et abordabilité de l’énergie : budget fédéral 2023

The Canadian Climate Institute argues that the 2023 federal budget must prioritise clean growth to mitigate economic risks and compete with the United States' Inflation Reduction Act. The Institute identifies four priority areas for evaluation: the Canada Growth Fund, carbon contracts for difference, investment tax credits for electricity, and 'electro-federalism' to improve the electrical grid. The document highlights that climate change could cost the Canadian economy 25 billion in lost growth by 2025, while transitioning from fossil fuels to clean electricity could reduce average household energy bills by 12% by 2050.

• The Canadian Climate Institute has identified four priority areas for evaluating the 2023 federal budget: establishing precise guidelines for the Canada Growth Fund to mobilise clean growth investments, implementing a public financing strategy using carbon contracts for difference, providing clear investment tax credits for the electricity sector and interprovincial grid connections, and pursuing 'electro-federalism' with provinces to upgrade the electrical grid.
• To remain competitive globally, Canada should not simply copy the United States' Inflation Reduction Act but instead adopt a tailored approach that leverages its own competitive advantages, such as carbon pricing, and uses limited public funds to attract private capital for sectors like electricity, hydrogen, electric vehicles, and batteries.
• Climate change is projected to cause significant economic damage in Canada, with average annual climate damage costs for a Canadian household reaching 720$ by 2025 (potentially doubling or tripling by 2050) and a loss of 25 billion in growth for the Canadian economy by 2025.
• Replacing fossil fuels with clean electricity is presented as a necessity for economic competitiveness and a pillar of carbon neutrality, with the potential to reduce average household energy spending by 12% by 2050.
• The document notes that 70% of Canadian product exports and over 60% of foreign direct investments in Canada are in sectors vulnerable to market disruptions.

APA

Canadian Climate Institute (2023). Croissance propre et abordabilité de l’énergie : budget fédéral 2023. https://climateinstitute.ca/wp-content/uploads/2023/03/Document-dinformation_Budget-2023-1.pdf

Chicago

Canadian Climate Institute. Croissance propre et abordabilité de l’énergie : budget fédéral 2023. 2023. https://climateinstitute.ca/wp-content/uploads/2023/03/Document-dinformation_Budget-2023-1.pdf.

Wikipedia

{{cite report |author=Canadian Climate Institute |title=Croissance propre et abordabilité de l’énergie : budget fédéral 2023 |date=2023 |url=https://climateinstitute.ca/wp-content/uploads/2023/03/Document-dinformation_Budget-2023-1.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{canadianclimateinstitute2023croissance, author = {{Canadian Climate Institute}}, title = {{Croissance propre et abordabilité de l’énergie : budget fédéral 2023}}, institution = {Canadian Climate Institute}, year = {2023}, url = {https://climateinstitute.ca/wp-content/uploads/2023/03/Document-dinformation_Budget-2023-1.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }