Canada's PBO estimates long-term cost of net-zero emissions tax credits at $103bn, up $10bn due to higher eligible investments in electricity generation, including nuclear power.
Canada's Parliamentary Budget Officer (PBO) estimates the long-term cost of investment tax credits targeting net-zero emissions to be $10bn higher than previously projected, reaching $103bn from fiscal years 2022-2023 to 2034-2035. The increased costs are mainly due to higher projected eligible investments in the electricity generation sector, including nuclear power. The PBO report did not estimate the long-term economic impact of these tax credits.
July 04, 2024
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