before a monster grant and then the train leaves the station picking up speed ... ?
26 BILLION !!
As companies embrace the pursuit of a more sustainable, low-carbon future, Canadian business leaders are innovating technologies, investing in their organizations, and taking on the transformations required to reduce their greenhouse gas (GHG) emissions to net-zero.
Deloitte works with clients to help them achieve this ambitious objective through making good use of the more than $26 billion in funding that the Government of Canada has allocated to help the nation decarbonize.
Canada’s target is to reduce GHG emissions to 40% to 45% below 2005 levels by 2030 and to be net-zero by 2050. The 2030 Emission Reduction Plan, announced recently, includes $9.1 billion in new investments over the next eight years, which adds to the $17 billion in funding announced in 2021. Many existing programs, such as the Strategic Innovation Fund - Net Zero Accelerator and the Low Carbon Economy Fund, received extra budget. New programs and policies to help accelerate the pace of decarbonization, such as the carbon capture use and storage (CCUS) investment tax credit, were also announced.