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
The Canada Growth Fund’s first carbon offtake agreement should be a stepping stone towards a broader contract for difference program
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.
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
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
