According to the latest data, investment in “clean energy” by both governments and private industry reached more than US$1.7 trillion in 2023.
clean energy
According to estimates, a $170-per tonne carbon tax will cause a permanent loss of nearly 185,000 jobs.
Proposed clean electricity regulations will especially hurt provinces that don't have abundant hydropower resources.
If these provinces do not comply, they may be hit with another carbon tax.
For some Albertan families, the cost of the new regulations could eclipse $2,260 annually.
Solar power generated only 0.82 per cent of Canada’s electricity, and wind another 5.6 per cent.
The carbon tax will reach $65 per tonne on April 1 and $170 per tonne by 2030.
Within the energy basket, oil is by far the largest earner.
Ottawa wants to reduce oil and gas sector GHG emissions to 42 per cent below 2019 levels by 2030.
So-called “clean” energy sources will not be able to entirely replace fossil fuels in the near term.