Investing in clean technologies and supply chains is now an economic imperative globally. Of Canada’s 10 largest non-U.S. trade partners, all have net-zero commitments and carbon pricing systems, and roughly half apply carbon border adjustments on imports and have domestic EV requirements.
Projects not currently under construction face an ever-increasing uphill battle on competition and cost that the taxpayer shouldn’t be asked to underwrite.
The broader Greener Homes Initiative is smart political calculus that combines support for Canadians, emissions reductions, and job creation in one tidy package.
This country has long been a significant exporter of natural resources, and the clean energy transition doesn’t change that.
For Canada to gain forecasted clean energy jobs and GDP benefits, it needs to not only keep its climate policies, but also build on them.