Clean growth and energy affordability in the 2023 Federal Budget
Summary
The Canadian Climate Institute identifies key priorities for the 2023 Federal Budget to ensure Canada remains competitive in the global race to net zero, specifically focusing on mobilizing investment, leveraging carbon pricing, and upgrading electricity systems to reduce costs for households and businesses.
Key insights
- The Canadian Climate Institute identifies four priority areas for evaluating the 2023 Federal Budget: the implementation of the Canada Growth Fund, a public financing strategy using carbon contracts for difference, electricity sector investment tax credits and inter-provincial grid funding, and 'electric federalism' to upgrade electricity systems in partnership with provinces.
- To compete globally, Canada is advised to adopt a 'made-in-Canada' approach rather than copying the U.S. model, utilizing competitive advantages like carbon pricing to attract private capital for sectors including hydrogen, electric vehicles, batteries, and clean electricity.
Cite the original document
- APA
- Canadian Climate Institute (2023). Clean growth and energy affordability in the 2023 Federal Budget. https://climateinstitute.ca/wp-content/uploads/2023/03/Media-Backgrounder-Budget-2023.pdf
- Chicago
- Canadian Climate Institute. Clean growth and energy affordability in the 2023 Federal Budget. 2023. https://climateinstitute.ca/wp-content/uploads/2023/03/Media-Backgrounder-Budget-2023.pdf.
- Wikipedia
- {{cite report |author=Canadian Climate Institute |title=Clean growth and energy affordability in the 2023 Federal Budget |date=2023 |url=https://climateinstitute.ca/wp-content/uploads/2023/03/Media-Backgrounder-Budget-2023.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{canadianclimateinstitute2023clean, author = {{Canadian Climate Institute}}, title = {{Clean growth and energy affordability in the 2023 Federal Budget}}, institution = {Canadian Climate Institute}, year = {2023}, url = {https://climateinstitute.ca/wp-content/uploads/2023/03/Media-Backgrounder-Budget-2023.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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