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Amid Canada’s massive housing and infrastructure build-out, a few changes can limit climate impact at little or no cost: report

Clean Energy Canada - Wed, 05/20/2026 - 21:01

TORONTO — “Build Canada Strong” is a central mantra of the federal government’s plans to bolster Canada’s economy in a rapidly changing world, with new housing and infrastructure key to Canada’s nation-building efforts. But all this construction poses a problem: the production of building materials can be a huge source of emissions. 

Thankfully, there are solutions that can reduce this downside, at little or no extra cost—while also supporting Canadian industry, as a new report, Build Canada Clean, from Clean Energy Canada reveals.

The report, which features case studies from across the country—from apartment buildings to roads to wastewater facilities—finds that lower-carbon construction materials can generally be procured at no or marginal cost increases, while simple design changes can further minimize cost and emissions. One case study of an apartment building in Quebec, for example, found that design changes and lower-carbon materials could cut construction emissions by 30% while reducing overall construction costs by 12%.

What’s more, Canadian manufacturers are already producing many of the lower-carbon alternatives required, such as steel produced in electric arc furnaces, concrete that uses industrial byproducts to replace cement, and reclaimed asphalt. Supporting this kind of construction presents a unique opportunity for Canada to build its market at a time when our key trade partners, like the EU, are actively seeking cleaner products.

Governments are key to ensuring we seize this opportunity. They are big builders and by requiring lower-carbon materials and design—an approach known as “Buy Clean”—they can create a strong demand signal. The federal government has already taken some steps to reduce carbon in its building projects, and has also recently introduced a “Buy Canadian” approach. Expanded Buy Clean policies sitting alongside Buy Canadian ones would allow us to support domestic producers while also incentivizing our industries to become more climate-competitive in a global trade environment increasingly prioritizing or requiring cleaner materials.

Beyond “Buy Clean,” some simple regulatory changes can make a big difference, as the report elaborates. There are many different codes and standards for infrastructure construction across the country, some of which needlessly restrict the use of lower-carbon materials or design practices. Where flexibility does exist to use more recycled or other lower-carbon materials, it isn’t always made use of—something that could be addressed with better procurement guidance.

As we build more projects, we have the opportunity to avoid locking in huge amounts of damaging emissions—all while cutting costs for developers and taxpayers alike. So while we “Build Canada Strong,” let’s also “Build Canada Clean.”

KEY FACTS
  • The construction sector contributed over 8% of Canada’s total emissions in 2018. And that was at less than a third of the housing starts Canada actually needs. 
  • For efficient, electrified buildings, the emissions associated with material production and construction, known as “embodied carbon,” usually accounts for a larger portion of lifecycle carbon emissions than those from operation, like heating and cooling.
  • The global low-carbon construction materials market is expected to be worth US$579 billion in 2032, with trade partners, including the EU, increasingly looking for clean materials. 
  • Through nine roadway case studies, we show that lifetime emissions reductions of between 17% and 31% could be achieved while reducing the per-metre cost of the roads by up to 16%. 
  • A study of an apartment building in Quebec found that making just two changes to the building design and replacing materials with lower-carbon equivalents would reduce embodied emissions by 30% while reducing overall construction costs by 12%.
  • Choosing lower-carbon material options for water infrastructure can reduce the emissions of stormwater and wastewater infrastructure with marginal cost impacts.
RESOURCES

Report | Build Canada Clean

The post Amid Canada’s massive housing and infrastructure build-out, a few changes can limit climate impact at little or no cost: report appeared first on Clean Energy Canada.

When the grid and home batteries teach consumers to withdraw from the market

Renew Economy - Wed, 05/20/2026 - 20:38

If consumers use batteries mainly to reduce exposure, what does that mean for a grid that increasingly needs flexible participation?

The post When the grid and home batteries teach consumers to withdraw from the market appeared first on Renew Economy.

Farmer seeks solar: Queensland developer says PV plans will help rejuvenate barren land

Renew Economy - Wed, 05/20/2026 - 20:32

A Queensland company is proposing a small solar-battery, with sheep grazing under the panels, saying the landowner wants to use land too barren to farm.

The post Farmer seeks solar: Queensland developer says PV plans will help rejuvenate barren land appeared first on Renew Economy.

SwitchedOn podcast: Consumer energy devices aren’t talking to each other – and it’s a problem

Renew Economy - Wed, 05/20/2026 - 20:29

Australia is betting on millions of household energy devices to help run the grid, but what happens if they can’t properly talk to each other?

The post SwitchedOn podcast: Consumer energy devices aren’t talking to each other – and it’s a problem appeared first on Renew Economy.

Miners are burning a lot more diesel than four years ago, just for same amounts of now hard-to-get coal

Renew Economy - Wed, 05/20/2026 - 18:36

The mining industry is burning even more diesel for the same amount of production as they have to dig digger for hard to cut coal, and lack of action on electric options.

The post Miners are burning a lot more diesel than four years ago, just for same amounts of now hard-to-get coal appeared first on Renew Economy.

Funding for California’s signature virtual power plant remains uncertain

Utility Dive - Wed, 05/20/2026 - 09:58

Gov. Gavin Newsom proposed funding the Demand Side Grid Support program through this year before moving participants to a separate, utility-run framework. Clean energy groups call the proposal costly and counterproductive.

Common‑sense state action can unlock a geothermal revolution in Utah and beyond

Utility Dive - Wed, 05/20/2026 - 08:11

Pairing geothermal with accelerated transmission development and stronger regional coordination can help the West access its gigawatt-scale geothermal potential, write Clean Air Task Force colleagues.

PJM accelerates backstop auction amid uncertainty over data center cost allocation

Utility Dive - Wed, 05/20/2026 - 06:24

The grid operator urged states to develop rules to shield other ratepayers from data center-driven costs, but analysts said it remains unclear how a reliability auction’s costs could be allocated only to hyperscalers.

Historic Power Smart 2.0 plan a practical step towards affordable electricity investment in B.C.

Pembina Institute News - Wed, 05/20/2026 - 05:21
Toronto — KEVIN LOCKHART, director of the Buildings program at the Pembina Institute, and KARI HYDE, director of Customer Energy Solutions, made the following statement in response to the release of Power Smart 2.0, the largest conservation...

Data center interconnection delays complicate demand forecasting: NERC

Utility Dive - Wed, 05/20/2026 - 05:14

The U.S. power grid should have sufficient resources to meet typical summer demand, but risk is growing in the shoulder seasons, the North American Electric Reliability Corp. said Tuesday.

May 20 Green Energy News

Green Energy Times - Wed, 05/20/2026 - 02:55

Headline News:

  • ¶ “New US DOE Funding Opportunity To Strengthen Microgrids” • The NLR is launching a funding opportunity through the Community Microgrid Assistance Partnership, with funding from the US DOE Office of Electricity. It offers up to $2.5 million in direct project funding $1 million in technical assistance to help with remote microgrids. [CleanTechnica]

Hughes, Alaska (Tanana Chiefs Conference)

  • ¶ “Solar To Dominate Power By 2032” • Solar will become the world’s largest source of electricity by 2032, according to BloombergNEF’s New Energy Outlook 2026. BloombergNEF said rising electricity demand driven by electrification, data centres, population growth and higher incomes is reshaping global energy systems. [reNews]
  • ¶ “New “Atlas” Will Catalog Proteins That Bind to Rare Earth Elements” • Led by the NLR and supported by PNNL, the creation of the first-ever Microbial Rare Earth Element Atlas could help address the list of 60 critical minerals identified by the US Geological Survey as vital to the national economy but at risk of disrupted supply chains. [CleanTechnica]
  • ¶ “Nabrawind Tests ‘Crane-Less’ Installation System” • Nabrawind installed its first wind turbine using its Skylift system at the InnoVent Diaz wind farm in Namibia. The Skylift lifting system integrates two technologies developed by Nabrawind: the Self-Erecting System, adapted to conventional tubular towers, and BladeRunner. [reNews]
  • ¶ “Italy To Assign 10 GW Of PV In 2026-2027 Renewables Auctions” • Italian energy agency Gestore dei servizi energetici announced that the renewable energy FerX auctions planned for 2026 and 2027 will allocate 10 GW of PV capacity and 16 GW of wind power. “The goal is to hold one auction by the end of the year and the other two in 2027.” [pv magazine International]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

Response: New BC Hydro plan maintains key programs, but the province and utility are leaving larger household savings on the table

Clean Energy Canada - Tue, 05/19/2026 - 14:54

VICTORIA — Evan Pivnick, associate director of public affairs at Clean Energy Canada, released a statement in response to BC Hydro’s release of its new energy efficiency strategy, Power Smart 2.0:

“BC Hydro has a strong history of using energy conservation to reduce electricity use in B.C. as well as prepare for the growing demands for electrification. However, while this new plan makes meaningful investments and continues in this tradition, it falls short of fully harnessing the opportunities that household technologies have to save families—and BC Hydro—money.

“A recent study from Dunsky Energy + Climate Advisors found that distributed energy resources (electric technologies that can generate or store energy or control demand) could meet more than 10% of B.C.’s total peak electricity demand by 2040, saving ratepayers money by avoiding more expensive infrastructure build-outs while improving grid reliability. 

“As such, it’s good to see support for consumers to adopt clean solutions, from energy-efficient appliances to battery storage, that help realize this potential. But this is only a first step. B.C needs to follow the lead of other jurisdictions across North America that are going much further in advancing changes to their electricity systems and standing up new programs that can help households save on their energy bills.

“Beyond energy-efficient appliances, new technologies have unlocked much greater opportunities to save, like managed EV charging, smart panels, controllable water heaters, and household batteries that work in harmony with the grid. The new plan lays out a vision for using these technologies, but more should be done to encourage British Columbians to make the switch. The Dunsky study found that greater financial incentives, like rebates, and other ambitious installation programs, were key to realizing the full potential of distributed energy resources for reducing both household bills and costs to the utility. 

“What’s more, heat pumps will be vital to reducing power demand, offering the ability to displace power-hungry baseboard heating and air conditioning. With another hot summer around the corner, the provincial government should introduce regulations that ensure new permanent air conditioning systems are heat pumps. Our analysis shows that a province-wide switch to heat pumps could save a cumulative $675 million in annual energy bills: that translates to average savings of approximately $170 a year for those currently using natural gas with A/C.

“Already, B.C. has some of the lowest electricity rates in North America, making the switch to EVs and household electrification especially enticing for British Columbians. And while today represents a positive step, at a moment when the cost of living is top of mind for most families, there is much more we could be doing to lower electricity bills across the province—while simultaneously building a smarter, more cost-efficient electricity system.” 

The post Response: New BC Hydro plan maintains key programs, but the province and utility are leaving larger household savings on the table appeared first on Clean Energy Canada.

ISO New England sees marginal winter benefit from behind-the-meter batteries

Utility Dive - Tue, 05/19/2026 - 10:34

The grid operator’s first 10-year forecast to incorporate small, customer-sited energy storage systems finds considerable uncertainty about their role on a changing grid.

May 19 Green Energy News

Green Energy Times - Tue, 05/19/2026 - 03:09

Headline News:

  • “Worst-Case Global Warming Projection Cut By 1°C” • The fall in the cost of solar and wind energy puts a high-fossil-fuel future increasingly out of reach, and climate policies are helping drive emissions down. Some top climate scientists reduced the upper limit of their worst-case global warming scenario to 3.5°C above pre-industrial levels, down from 4.5°C. [Euronews]

Nuuk Greenland (Aningaaq Rosing Carlsen, Unsplash)

  • “Wind Leads Ireland Electricity Mix In April” • Wind was the largest contributor to Ireland’s electricity mix in April, making up 38% of total generation. EirGrid said renewables generated 48% of electricity during the month, including 6% from grid-scale solar, for the third consecutive month where renewables met around half of electricity demand. [reNews]
  • “UPDATED: NextEra, Dominion To Form $420 Billion Power Giant” • NextEra Energy and Dominion Energy are set to merge, the two companies announced today. The move will create the world’s largest regulated electric utility, and one of the world’s largest energy infrastructure companies. The transaction creates a mammoth utility. [reNews]
  • “NTPC adds 5,488 MW Renewable Energy Capacity In FY26” • NTPC Group has added 5,488 MW of renewable energy capacity in FY26, including solar, wind, and pumped storage projects, strengthening its clean energy portfolio. Beyond conventional generation, NTPC has also diversified into such emerging energy businesses as storage. [pv magazine India]
  • “Electricity Generation From Solar Could Exceed Coal In ERCOT For The First Time In 2026” • In its most recent Short-Term Energy Outlook, the US EIA forecast that annual electric power generation from utility-scale solar plants will surpass that from coal plants for the first time in 2026 within the electricity grid that covers most of Texas. [CleanTechnica]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

A Canada-led clean trade pact would show that middle powers mean business

Clean Energy Canada - Tue, 05/19/2026 - 02:56

Prime Minister Mark Carney has won deserved praise for standing firm against the Trump administration’s threats and imposition of tariffs. But political credit is only as good as the strategy that follows, and Canada now faces a genuine opportunity to do something more ambitious than weather the storm.

Carney’s approach has sparked a broader conversation among the world’s ‘middle powers’ – countries with significant economies like Japan, South Korea, Australia, and the U.K. that share a commitment to rules-based trade but sit outside the U.S.-China superpower axis. These are countries that are actively looking for a different economic path forward, one that doesn’t simply mirror the nationalism coming out of Washington and Beijing.

Keep reading this post, co-authored by Ryan Mulholland and Ollie Sheldrick, in Policy Options.

The post A Canada-led clean trade pact would show that middle powers mean business appeared first on Clean Energy Canada.

May 18 Green Energy News

Green Energy Times - Mon, 05/18/2026 - 03:31

Headline News:

  • “Victoria Approves The Biggest Wind Farm In The Southern Hemisphere” • Victoria’s Minister for Planning has given state environmental approval for the Warracknabeal Energy Park. The proposed 219-turbine wind farm is set to be the biggest wind farm in the Southern Hemisphere. It will deliver over 1.5 GW of electric energy. [Energy Source & Distribution]

Wind farm in Victoria (Mattinbgn, CC BY-SA 3.0)

  • “EU Households Could Save ‘More Than €2,200’ Every Year By Switching To Heat Pumps And EVs” • Switching to green heating and transport can cut EU household energy bills by thousands of euros every year, even before accounting for fossil fuel shocks. According to a report by Danish green think tank CONCITO, the savings could be €2,200 per year. [Euronews]
  • “Ethiopia Leads EV Revolution In Africa” • Two years ago, Ethiopia did something unique. It banned the importation of vehicles powered by internal combustion engines on the grounds that the nation was squandering money it didn’t have to import fuels for those vehicles. It also exempted EVs from virtually all fees and import duties. [CleanTechnica]
  • “Drone Strike Ignites Fire At UAE Nuclear Plant Amid Gulf Tensions” • The Barakah nuclear plant in Abu Dhabi’s al-Dhafra region was struck by a drone for the first time since the outbreak of the Iran war, causing a fire in an electrical generator outside its inner perimeter. The $20 billion facility supplies a quarter of the UAE’s energy needs. [MSN]
  • “NextEra Said To Near Record $66 Billion Deal For Dominion Energy” • Bloomberg News reported that NextEra Energy is in talks to acquire Dominion Energy. It could value Dominion at roughly $66 billion in a mostly stock transaction. If completed, the merger would be the largest utility acquisition on record and one of the biggest M&A deals of 2026. [MSN]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

As Islands Grapple with Spiking Fuel Costs, Renewables Offer a More Secure and Affordable Option

Rocky Mountain Institute - Mon, 05/18/2026 - 03:00
What is light fuel oil, and why does it matter?

Light fuel oil is a refined petroleum product similar to diesel, and is burned in generators to produce electricity. Island energy systems import this fuel by tanker, burn it locally, and pass the cost directly to governments and consumers. When global oil markets experience shocks like today’s crisis in the Middle East and the Strait of Hormuz, island energy security and costs are directly impacted.

The numbers:
  • EIA Global Energy Outlooks 2025 and 2026 have stark differences, In just one year, the 2050 cost projections of light fuel oil-based power rose from $0.29 to $0.45/kWh — a ~33% increase driven by geopolitical disruption in global oil and gas flows.
  • For a single 50 MW island power system, that translates to roughly $34 million more in annual fuel costs
  • Meanwhile, solar + battery storage projections declined by ~46% to $0.07/kWh in 2050, wind + storage by ~40% to $0.06/kWh, and geothermal is currently at $0.09/kWh.
  • The gap between fossil and clean has never been wider or more consequential.
A shared system challenge — and opportunity

The ongoing conflict in the Middle East has constrained a significant share of global oil and gas flows, sending ripple effects through fuel, electricity, and commodity markets worldwide. Clean electricity has transformed from an emerging option into a proven, scalable, and now dramatically cheaper pathway than the imported fuels it replaces.

The energy vulnerability that imported fuels create is not unique to one island. It is a shared system challenge, and the solution is the same everywhere: domestic, diversified, technology-driven clean power that doesn’t arrive by tanker.

Cost-effective solutions including peak demand reduction, virtual power plants, and new approaches to energy storage offer proven ways to grow with less risk and less capital. Those advantages compound over time, delivering both energy security and reduced fiscal pressure.

Why now?
  • Fresh data from EIA’s Annual Energy Outlook 2026 vs. 2025 provides a rare apples-to-apples cost projection comparison that makes the fuel shock visible in real numbers.
  • RMI has been tracking levelized cost of energy trajectories across more than a dozen island systems in the Pacific, Caribbean, and Indian Ocean.
  • Continued reliance on fossil fuels risks deepening fiscal stress, price volatility, and policy trade-offs, while accelerating the clean energy transition provides a more credible path to resilience, affordability, and reduced systemic risk.
A Caribbean transition

 The Caribbean’s energy transition represents a transformational opportunity to break free from dependence on volatile fossil fuel markets and reshape the region’s development trajectory through renewable energy and energy efficiency — reducing costs, strengthening energy security, and building resilience against climate change. To guide this shift, RMI’s A Caribbean Regional Transition Scenario offers seven major categories of transition milestones that span policy frameworks, financial mechanisms, equity considerations, and public participation. Each section is broken down into supporting activities and key stakeholders to serve as a practical implementation roadmap.

The post As Islands Grapple with Spiking Fuel Costs, Renewables Offer a More Secure and Affordable Option appeared first on RMI.

May 17 Green Energy News

Green Energy Times - Sun, 05/17/2026 - 03:27

Headline News:

  • “Renewables Have Won The Electricity Battle But Not The Climate War” • British think-tank Ember said increased capacity for solar and wind power provided all the world’s additional need for electricity in 2025. The battle between renewables and power from coal and gas is all over but the shouting. But fossil fuels lobbyists go on shouting. [Pearls and Irritations]

Solar power (Michael Förtsch, Unsplash)

  • “Are Solar Panel Prices About To Surge?” • The EU describes solar as having a “significant role in its transition towards cleaner, more affordable and secure” energy, but it is heavily reliant on China to make PV panels. Geopolitical uncertainty, shortages in supply and China’s recent tax reform are threatening to increase the prices of solar panels. [Euronews]
  • “US Plan To Allocate Water From The Colorado River Will Severely Impact California, Arizona, And Nevada” • The states that depend on the Colorado River for water seem unable to agree on allocation, so the federal government plans to help them. The Interior Department proposes to reduce the amount of water each state draws by 40%. [CleanTechnica]
  • “As Electric Bills Rise, Leaders Of Some States Are Focusing On The Growing Profits Of Utilities” • In some states, the artificial intelligence boom is leading to fights over growing utility profits. The governors, attorneys general, and others are protesting the rising electricity bills, saying cash-strapped residents are stuck in a broken system. [ABC News]
  • “The Texas-Size Fight Over Rick Perry’s Nuclear Power And AI Startup” • Seven months ago, former Energy Secretary Rick Perry described as genius an idea from Texas energy billionaire Toby Neugebauer to build the world’s largest data center on a dusty grazing lease near Amarillo. Things haven’t exactly gone according to plan. [MSN]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

May 16 Green Energy News

Green Energy Times - Sat, 05/16/2026 - 03:58

Headline News:

  • “The World’s Largest Lake Is Disappearing, And It’s Taking Ecosystems And Livelihoods With It” • The Caspian Sea is rapidly shrinking. A long-term decline in water levels has been documented through satellite observations with support by hydrological and climate research. They showcase a consistent downward trend since the mid 1990s. [Euronews]

Caspian Sea (Veronika Shabrikhina, Unsplash, cropped)

  • “Philippines’ Renewable Capacity To Reach 30 GW By 2035, Forecasts GlobalData” • The Philippines operates an archipelagic power system with limited interconnections, where reliability is a key priority. Renewable capacity is part of a broader transition in the generation mix. It is projected to increase to around 30 GW by 2035. [Yahoo Finance]
  • “Inflation Jumps To Its Highest Level In Three Years” • The US inflation rose for a second consecutive month as the US-Israeli war with Iran continued to send gasoline prices surging in April, government data showed. The inflation report was a match with economists’ expectations. Prices rose 3.8% in April compared to a year earlier. [ABC News]
  • “Eskom Delivers 365 Days Without Loadshedding” • Eskom delivered for South Africa one full year without loadshedding, a milestone last achieved eight years ago in September 2018. A more stable base‑load fleet has enhanced the system’s ability to accommodate variable renewable energy, thereby supporting a resilient power system. [Eskom]
  • “Tesla Reducing Down Payments And Loan Terms in China As Sales Drop” • Tesla’s sales dropped in the largest EV market in the world this year. Tesla’s sales in China were down 10% in April, from 2025, and they were down 15% across the first four months of this year. In an effort to reverse the trend, Tesla is offering especially appealing loans. [CleanTechnica]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

Response: Lopsided MOU undermines yesterday’s clean electricity strategy

Clean Energy Canada - Fri, 05/15/2026 - 11:29

TORONTO — Rachel Doran, executive director at Clean Energy Canada, made the following statement in response to the Implementation Agreement for the Canada-Alberta MOU:

“The long-awaited agreement between the federal government and Alberta was promised to strengthen Canada’s competitiveness and the effectiveness of key climate policies—but is, in reality, a step backward. This is true not only when it comes to reducing climate-change-causing emissions from big industry, but also on the aspiration laid out yesterday to double Canada’s electricity grid as the economic backbone of our future.

“Indeed, the federal government’s goal of a net-zero grid by 2050 may be fundamentally at odds with the details in this MOU. Alberta, once the Canadian capital of renewable investment, has not made any concrete commitments to unleash its once-booming free market. It has, conversely, secured a commitment that natural gas generation will be expanded and is likewise not dropping its legal challenge against Canada’s Clean Electricity Regulations. Furthermore, the federal government’s suggestion that the regulations will be ‘in abeyance’ until after all court cases have been finalized—a process that may take years—will create significant investment uncertainty. 

“Alberta policy changes have already undermined tens of billions in renewable energy investments in the province. Despite leading the country in wind, solar, and energy storage deployment early this decade, private investment in renewables has fallen by nearly 99% since 2023 due to changes introduced by Premier Smith’s government. 

“On the Clean Electricity Regulations, Alberta has agreed only to negotiate an equivalency agreement if courts uphold the policy’s constitutionality. If Alberta does not negotiate in good faith and the agreement has no teeth to prevent future debate, the result could be a provincial race to the bottom, leaving Canada’s vision of a competitive, unified electricity grid back where it started: fragmented and increasingly failing to realize its potential.

“And while the government’s press release and implementation agreement suggest that Alberta will make changes to its Restructured Energy Market to facilitate more investment in renewables, the MOU makes a far weaker commitment: that changes will only be considered if warranted.

“None of this adds up to meeting the vision laid out by the federal government only yesterday to double Canada’s relatively clean electricity grid as a way to electrify industry and Canadian homes: an essential play both for the future of our economy and household affordability.

“The agreement similarly falls short in delivering on effective industrial carbon pricing, which modelling by the Canadian Climate Institute found to be doing the most heavy lifting toward our climate targets. While changes to Canada’s industrial carbon pricing system were meant to strengthen the actual impact of the policy, if not the optics of it, the dials here are turned too low to result in the better outcome that was promised. 

“The agreement makes an attempt to ensure the real carbon price that companies pay comes closer to the so-called ‘headline price,’ and yes, setting a carbon price floor is a good idea, as is signing contracts for difference to ensure governments stick to their promises for an effective carbon price. But when it comes to the actual numbers needed to empower these changes, the agreement offers too little, too late. 

“An industrial carbon price serves as an incentive for companies to invest in cleaner methods of production. If increasing this price to meaningful levels is pushed down the road, then so will be any related investments. Industrial carbon pricing is tied to over 70 major projects worth more than $57 billion. And this does not just affect Alberta. By striking this deal with one province, the federal government has potentially opened the floodgates for a lowering of ambition across all provincial industrial carbon pricing systems, affecting the incentives for steel mills in Ontario, potash mines in Saskatchewan, and cement plants in B.C.

“Canada is falling out of step with key trading partners in the transition to a global clean energy economy. Whereas the agreement aims for an effective carbon price of $130 by 2040, the European Union carbon price is close to that amount already today. And while the agreement sets tightening rates of 2% or lower, the EU has set rates of over 4% every year. 

“The EU knows where it needs to go, launching a comprehensive set of new measures—including electricity tax cuts and investments in renewables—that cement clean energy as the path to energy security. EV sales are unsurprisingly skyrocketing globally, including here in Canada: March EV sales were up 75% year-over-year

More than 40 countries are currently rationing energy, and it’s no wonder. As International Energy Agency head Fatih Birol put it, ‘the damage is done…. There will be a significant boost to renewables and nuclear power and a further shift towards a more electrified future,’ adding that ‘this will cut into the main markets for oil.’

“In other words, the same forces driving up oil prices today are destroying the fossil fuel demand of tomorrow. This government has suggested that it’s making certain short-term concessions while keeping its eye firmly on building for the future. But the reality is that, once again, Alberta is making promises while the federal government is making commitments. Canadians need policies that strike a better balance.”

The post Response: Lopsided MOU undermines yesterday’s clean electricity strategy appeared first on Clean Energy Canada.

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