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Canada Announces Over USD80bn Clean Tech & Energy Investments to Compete With U.S

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  • 06 Apr 2023
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Canada Announces Over USD80bn Clean Tech & Energy Investments to Compete With U.S. Inflation Reduction Act

Canada unveiled its response to the emerging global race to scale up green energy and clean tech manufacturing capacity, with proposals for over USD60bn in tax credits and an additional USD20bn in sustainable infrastructure investments in its 2023 budget. This year’s budget comes as major global economies have unveiled plans to invest billions to pursue their goals to decarbonize their economies, and to capitalize on the opportunities to participate in the global transition to cleaner energy systems and industries.

Source: ESGToday