Originally published in The Globe and Mail. In business, as in politics, timing is everything. You can have the best project or policy plan, but miss the moment for action, and a winning idea is doomed to history’s dustbin. These moments can be rare and fleeting, especially when operating at the intersection of environment, economy
Clean Prosperity Western Director Adam Sweet made the following statement about the federal government’s draft regulations to cap emissions from Canada’s oil and gas sector, released today: “The federal government’s proposed emissions cap is the wrong policy. The new regulations couldn’t arrive at a worse time.” Adam Sweet, director for Western Canada, Clean Prosperity “The
Clean Prosperity, firms and industry associations send open letter to provincial ministers of the environment.
As countries fuse their economic, environmental and geopolitical objectives, there is a growing imperative to link trade and climate policies.
Originally published in the Calgary Herald. There’s been a flurry of big new carbon capture projects announced in Alberta in recent weeks, which is good news for the province’s growing low-carbon economy, and the investment and jobs that will come with it. Fueled by TIER — Alberta’s carbon credit market — this growth is good
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
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
Originally published in The Hub. Over the past year, the Ontario government has begun to lay out a vision for transforming how the province generates, stores, and uses electricity. This includes important investments in Ontario’s clean-energy future—investments that need to be followed with even more ambitious policy to grow the province’s low-carbon economy over the
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
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.
To decarbonize our economy and hit our climate targets, we have to build a lot of low-carbon projects – fast. What’s needed now is for the federal government to follow through on its commitments to strengthen Canada’s industrial carbon pricing system.
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.
Expanding the carbon contracts for difference program could have a big impact on low-carbon growth. Fast follow-through will be key.
