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.
June 21, 2024
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