Canada launches $93bn Clean Economy Investment Tax Credits, targeting net-zero by 2050.

Canada has introduced the first Clean Economy Investment Tax Credits, totaling $93 billion in federal incentives by 2034-35. These credits aim to attract investment, support innovation, create jobs, and drive the Canadian economy towards net-zero by 2050. The four initial tax credits include the Clean Technology ITC, Carbon Capture, Utilization and Storage (CCUS) ITC, Clean Technology Manufacturing ITC, and Clean Hydrogen ITC.