Carbon contracts for difference help de-risk big low-carbon investments by guaranteeing the future value of carbon credits that projects depend on to generate revenue. They can help Canada compete for low-carbon investment. This article is an update on the current status of the federal government's carbon contracts for difference program.
Done poorly, contracts for difference could exacerbate tensions between federal and provincial / territorial governments around carbon pricing.
The government should conditionally purchase carbon credits in order to address the root imbalance between supply and demand.
Carbon contracts for difference can make carbon pricing work better.
On the road to a net zero economy, carbon pricing is a steering wheel, not a brake.
This week, the Parliamentary Budget Office released a report on how much revenue the federal carbon price would generate and how that would impact households and businesses. While the PBO correctly showed that the bulk of the revenue raised would come from the fuel levy, rather than industry, all the money from this levy is going directly
Canadians across the country are beginning to file their taxes in anticipation of April’s deadline. This year, residents of Manitoba, New Brunswick, Ontario and Saskatchewan can claim an additional rebate. The rebate was designed by the Federal Government to help residents of those provinces adjust to increased costs and make choices that save them money
For almost a decade, many Canadian conservatives have shied away from the idea of putting a price on carbon, deeming it an unnecessary “tax on everything.” But with a large majority of the Canadian population supporting some form of carbon pricing, and carbon pricing regimes in place or under consideration in provinces with over 80%
The Business Council of Canada endorsed carbon pricing almost a decade ago, in a 2007 policy declaration titled “Clean Growth: Building a Canadian Environmental Superpower”. A year later, British Columbia introduced its groundbreaking carbon tax – the first such scheme in Canada and one of the first anywhere in the world. The rationale behind our
