The Inflation Reduction Act becomes law this week — and Canada suddenly finds itself in the unfamiliar position of playing climate catch-up with our southern neighbour.
The implications of this powerful collection of policies not only transform U.S. law and capital markets to drive the clean energy transition, they’re also a game changer for Canada. Here are four ways the IRA will accelerate Canada’s Net Zero transition:Before the IRA’s adoption, the U.S. had ambitious greenhouse gas reduction targets, but no clear federal policy support for the necessary action to get there.
The longstanding concern among businesses and financial institutions in Canada has been about moving too fast on climate policy, putting it at a competitive disadvantage to the U.S. That narrative has now been flipped on its head: the real danger now is not moving fast enough.
No such thing. More of the same. Pandering to “liberal” clueless voter crowd.