Carbon pricing in transition
As countries fuse their economic, environmental and geopolitical objectives, there is a growing imperative to link trade and climate policies.
Posts by Clean Prosperity:
It’s time for Conservatives to lead on climate policy—here’s why
By Benjamin Dachis, vice president, research and outreach and Adam Sweet, vice president, Western Canada Originally published in The Hub. Canada has a major economic opportunity in the global low-carbon economy, if it gets its climate and energy policies right. Those policies should be informed by principles like leveraging the ingenuity of markets and free
Alberta must fix carbon credit market to ensure low-carbon growth
Alberta could miss out on billions of dollars in low-carbon investment if the province doesn’t fix a major problem with its carbon market, says a new report released today by Clean Prosperity. The Alberta carbon market is likely to face an oversupply of carbon credits before the end of the decade, which could further depress
New standardized carbon contracts a move forward for low-carbon projects
Today the Canada Growth Fund publicly released its strategy for offering carbon contracts to de-risk investment in low-carbon projects. The strategy outlines the types of contracts the Growth Fund will offer, including a new commitment to offer standardized contracts to smaller projects, which could boost low-carbon investment across Canada. Since launching in late 2023, the
Second carbon contract is a positive step, broader program needed
Clean Prosperity Executive Director Michael Bernstein made the following statement about the carbon contract for difference announced today between the Canada Growth Fund, Gibson Energy Inc., and Varme Energy Inc. “The deal announced today is another positive step in the rollout of carbon contracts for difference to de-risk big low-carbon investments,” said Bernstein. “That’s what
Nuclear can help Canada achieve net-zero if we solve these problems
Clean Prosperity's Nuclear for a Net-Zero Canada report offers solutions to the cost and policy uncertainty problems that are undermining nuclear's potential.
Budget 2024 makes important progress on carbon contracts for difference
Expanding the carbon contracts for difference program could have a big impact on low-carbon growth. Fast follow-through will be key.
Canada has a massive carbon capture and storage opportunity
“Evaluation of carbon capture and storage potential in Canada,” a research report from Clean Prosperity’s Net-Zero Pathways for Canada project, examines the potential of CCUS technology to address emissions from Canada’s major industrial sectors.
Canada could fall short of climate targets without expanded contracts for difference program
New modelling shows Canada could miss out on up to 33 megatonnes of emissions reductions per year by 2030.
Pillars of Decarbonization: Common findings from models of Canada’s net-zero energy economy
Pillars of Decarbonization, the second report from Clean Prosperity’s Net-Zero Pathways for Canada project, examines common findings across models of five distinct futures for Canada’s energy system, all of which lead to net-zero greenhouse gas emissions by 2050.
Federal government’s ERP update is commendable, though may be too optimistic
Clean Prosperity Director of Policy and Strategy Brendan Frank made the following statement about the federal government’s 2023 Progress Report on the 2030 Emissions Reduction Plan (ERP), released today: “The progress report on the federal government’s 2030 Emissions Reduction Plan is an important accountability tool to ensure that we’re making progress in decarbonizing the Canadian
New cap-and-trade system for oil and gas is not the right direction
Clean Prosperity Western Director Adam Sweet made the following statement about the federal government’s new emissions cap for the Canadian oil and gas sector, announced today: “The federal government’s decision to implement a cap-and-trade system solely for Canada’s oil and gas industry is the wrong policy. This approach creates uncertainty and regulatory complexity that risks