Ottawa needs 'made-in-Canada' response to U.S. Inflation Reduction Act: climate group
Ottawa needs 'made-in-Canada' response to U.S. Inflation Reduction Act: climate group
OTTAWA -
As the federal government readies its spring budget, a climate group is urging Ottawa to pursue a "made-in-Canada" response to U.S. clean energy incentives.
The Canadian Climate Institute published a report on Tuesday with recommendations for the federal government on how to respond to the U.S. Inflation Reduction Act passed last summer.
The institute says the federal government shouldn't try to match the incentives and subsidies offered by the U.S. and instead tailor its measures for Canada.
The Inflation Reduction Act, signed into law last August by U.S. President Joe Biden, invests nearly US$400 billion in everything from critical minerals to battery manufacturing, electric vehicles, and clean electricity, including hydrogen.
"To compete with the Inflation Reduction Act, Canada should not try and replicate it," Marisa Beck, the institute's clean growth director, told reporters on Tuesday.
Finance Minister Chrystia Freeland has signalled the March 28 budget will include ways to keep Canada competitive as countries transition their economies to cleaner energy and technologies.
"Our friends and partners around the world, chief among them the United States, are investing heavily to build clean economies," Freeland said in Oshawa, Ont. on Monday.
"Today and in the years to come, Canada will either capitalize on this historic moment … or we'll be left behind as the world's democracies build the clean economy of the 21st century."
The federal government took the first step in its push to keep Canada competitive by introducing new federal tax credits for clean technology and low-emitting hydrogen production in its fall economic statement last November.
The budget is expected to outline how Canada plans to grow and transition to a clean economy.
The institute says Canada should pursue targeted policies that don't over-subsidize industry but instead support projects to benefit society that the private sector wouldn't pursue on its own.
It also says the Canada Growth Fund, which will invest in clean energy projects using public dollars, should strive to to balance risk and return.
Once projects achieve profitability, the report says the government should pull its support.
"Long-term commitments over 10 (to) 15 years, of course, provide a lot of certainty for investors. But they can become really costly if it ends up that the projects are being over-subsidized," Beck said.
This report by The Canadian Press was first published March 21, 2023.
A New Democrat MP is trying to convince his colleagues to change the rules that govern the House of Commons in a series of ways he says would instill 'democratic controls' on the prime minister's 'unfettered' powers.
Monday morning, the Public Service Alliance of Canada announced it had reached a 'tentative' agreement with the federal government for the 120,000 picketing Treasury Board workers who, since April 19, had been engaged in one of the largest strikes in Canadian history. Here's a rundown of the developments from Parliament Hill as they happened.
The House committee studying foreign election interference heard from top 2019 and 2021 Liberal and Conservative campaign directors on Tuesday, with party officials from both camps speaking about the need for politicians to come together to address any "legislative gaps" ahead of the next vote.
In the 2023 federal budget, the government is unveiling continued deficit spending targeted at Canadians' pocketbooks, public health care and the clean economy.
U.S President Joe Biden and Prime Minister Justin Trudeau have announced updates on a number of cross-border issues, after a day of meetings on Parliament Hill.
Danielle Smith's win in the Alberta election hands her the most starkly divided province confronting any premier in Canada, writes commentator Don Martin.
Special rapporteur David Johnston didn't recommend public inquiry knowing it was a pathetically insufficient response for a foreign democratic assault of this magnitude, writes Don Martin in an exclusive column for CTVNews.ca.
To frame a few new illustrations on pages tucked inside a passport as proof of a Liberal plot to purge the Canadian historical record seems like a severe stretch, writes Don Martin in an exclusive column for CTVNews.ca.
Public Safety Minister Marco Mendicino is a bright former federal prosecutor, who was destined to be a star in Justin Trudeau's cabinet. But in an opinion column on CTVNews.ca, Don Martin argues Mendicino has taken a stunning fall from grace, stumbling badly on important issues just 18 months into the job.
It's the most peculiar of elections with the frontrunner and her main opponent being the same person, writes columnist Don Martin. 'In the looming Alberta showdown, it's Premier Danielle Smith versus her mouth.'
The federal government is proclaiming a National Day Against Gun Violence, to be held annually on the first Friday of June. Prime Minister Justin Trudeau, Public Safety Minister Marco Mendicino and representatives of the Toronto Raptors basketball team are set to discuss the plans today at an event in Toronto.
Prime Minister Justin Trudeau's efforts to assure Canadians that his government is adequately addressing the threat of foreign interference took a hit on Wednesday, when the majority of MPs in the House of Commons voted for special rapporteur David Johnston to 'step aside,' a call Johnston quickly rejected.
Seventeen people – most of whom are young students – were hospitalized after a falling from a height during a field trip at Winnipeg's Fort Gibraltar. However, many of the children are now being discharged and sent home, according to an update from the hospital.
The latest pre-dawn Russian missile attack on Kyiv killed at least three people Thursday, including a 9-year-old child and her mother, Ukrainian officials said.
Veering away from a default crisis, the House overwhelmingly approved a debt ceiling and budget cuts package, sending the deal that U.S. President Joe Biden and Speaker Kevin McCarthy negotiated to the Senate for swift passage in a matter of days, before a fast-approaching deadline.
Jordan's highly anticipated royal wedding day got underway on Thursday with the surprise announcement that Prince William and his wife Kate had arrived to witness the nuptials of Crown Prince Hussein and his Saudi Arabian bride.
'That '70s Show' star Danny Masterson was led out in handcuffs from a Los Angeles courtroom Wednesday and could get 30 years to life in prison after a jury found him guilty on two of three counts of rape at his second trial, in which the Church of Scientology played a central role.
Seventeen people – most of whom are young students – were hospitalized after a falling from a height during a field trip at Winnipeg's Fort Gibraltar. However, many of the children are now being discharged and sent home, according to an update from the hospital.
Four Canadian cities have been ranked among the top 50 best for remote work worldwide, according to a new report from Preply, an online learning provider platform
Ontario Provincial Police have arrested a 21-year-old man from Ottawa in connection with the shooting deaths of two teens from Mississauga in Pembroke, Ont. A third teenager, also from Mississauga, was injured.
The powerful sister of North Korean Kim Jong Un on Thursday accused the United States of 'gangster-like' hypocrisy for criticizing her country's failed launch of a military spy satellite and insisted that the North will follow with a successful launch soon.
German prosecutors said Thursday that they will examine objects that were found in a search in Portugal last week for clues regarding the disappearance of Madeleine McCann, but can't yet say whether they are linked to the British girl who went missing in 2007.
Thousands of people are to march in Jerusalem's Pride parade on Thursday, an annual event that is taking place this year under Israel's most right-wing government ever, stacked with openly homophobic members.
Australia's most decorated living war veteran unlawfully killed prisoners and committed other war crimes in Afghanistan, a judge ruled Thursday in dismissing the claims by Victoria Cross recipient Ben Roberts-Smith that he was defamed by media.
Jordan's highly anticipated royal wedding day got underway on Thursday with the surprise announcement that Prince William and his wife Kate had arrived to witness the nuptials of Crown Prince Hussein and his Saudi Arabian bride.
The federal government is proclaiming a National Day Against Gun Violence, to be held annually on the first Friday of June. Prime Minister Justin Trudeau, Public Safety Minister Marco Mendicino and representatives of the Toronto Raptors basketball team are set to discuss the plans today at an event in Toronto.
Prime Minister Justin Trudeau's efforts to assure Canadians that his government is adequately addressing the threat of foreign interference took a hit on Wednesday, when the majority of MPs in the House of Commons voted for special rapporteur David Johnston to 'step aside,' a call Johnston quickly rejected.
It's that time of year again where MPs will be sitting until midnight until the House rises in late June, as the federal government pushes to pass as many bills as it can before the summer legislative hiatus. On Wednesday, Government House Leader Mark Holland announced that the Commons will be working late 'every single night … from here until the finish.'
Canada will soon require health warnings to be printed directly on individual cigarettes, making it the first country to implement this kind of measure aimed at reducing tobacco usage.
Navigating health care and dealing with expectations has been tough as she tries to cope with how her life has changed, similar to the experiences of other women who take on the majority of caregiving responsibilities -- an issue highlighted in a report released Thursday by the Heart and Stroke Foundation.
The hottest thing in technology is an unprepossessing sliver of silicon closely related to the chips that power video game graphics. It's an artificial intelligence chip, designed specifically to make building AI systems such as ChatGPT faster and cheaper.
A third man has been charged in the 2002 shooting death of Run-DMC star Jam Master Jay, prosecutors said Tuesday, marking the latest movement in a case that languished for years.
'That '70s Show' star Danny Masterson was led out in handcuffs from a Los Angeles courtroom Wednesday and could get 30 years to life in prison after a jury found him guilty on two of three counts of rape at his second trial, in which the Church of Scientology played a central role.
Wall Street moved modestly higher early Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis.
The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again.
Confidence on the Scripps National Spelling Bee stage manifests itself in subtle ways, like spellers asking questions even though they know the answers.
Locals call it "watermelon salad." But this delicacy popular in the southern Gaza Strip at this time of year is far from the sweet, refreshing taste the name evokes.
A 15-year-old soccer player has died after suffering severe brain injuries during a post-match brawl with an opposing team at an international youth tournament in Germany over the weekend, officials said Wednesday.
The U.S. government's auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards within three years.
Ever have a car with a difficult-to-reach seatbelt? This recall is for you. Ford is having to recall 176,000 of its Ford Bronco SUVs, model years 2021 to 2023, because the National Highway Traffic Safety Administration found that drivers and front seat passengers can have difficulty reaching the metal portion of the belt when it is in the retracted position.
