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
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.
“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.
With the upcoming provincial budget, Alberta has an opportunity to send a signal to the world that we are committed to becoming a diversified energy powerhouse, and our province is focused on winning the race to attract the investment needed in low-carbon energy that the world needs.
New modelling shows Canada could miss out on up to 33 megatonnes of emissions reductions per year by 2030.
By Clean Prosperity Director of Federal Government Relations Etienne Rainville and Director of Policy and Strategy Brendan Frank. Originally posted in The Hub. Since Confederation, unnecessary internal trade barriers have hindered Canada’s economy. Booze is a famous example, but these barriers bog us down in sectors as disparate as electricity, labour, and transportation, among others.
Originally posted in the Hill Times. Just before the holidays, the Canada Growth Fund landed a historic deal that could start positioning Canada as a competitive destination for big low-carbon projects, and pave the way for a wave of new investments. But to make that happen, governments need to get even more ambitious about guaranteeing
Originally posted in the Globe and Mail. Here’s the hard reality: The world will not be able to keep warming below 1.5 C, despite the significant progress at the COP28 climate conference, where countries explicitly called for a transition away from fossil fuels, among other significant measures. I don’t make this claim lightly. Missing the 1.5
