The Inflation Reduction Act is a multi-billion-dollar program that pledges government dollars toward developing low-carbon energy. The policy is aimed at boosting the country's manufacturing sector and takes aim at China's dominant position in the clean energy technology supply chain.
There are many facets of the IRA, such as tax incentives aimed at increasing the manufacturing of wind turbines, solar panels, and electric vehicle batteries. There are also subsidies to promote the development of hydrogen, biofuels and carbon capture and storage facilities. The financial supports are"The IRA will have the effect of really attracting capital back to the U.S.
"There's no denying the fact that suddenly people have woken up with the IRA and said 'Hey, we can do a lot more,'" said Lamba, who doesn't think the European Union will be able to match the level of subsidies.Canada has offered subsidies to promote low-carbon sources of energy, although its main policy to promote the decarbonization of the energy sector is the carbon tax.
In Canada, oilsands companies are pressuring the federal government to increase the level of financial support for building and operating carbon capture and storage facilities. Ottawa has already introduced a tax credit, although the government has admitted the policy is not as robust as the IRA.
Co2 is good not bad. Your spreading misinfo. You need to stop.
That bill is a money Laundering scam Club.ate Change is a Ponzi Scam
Great example of Propaganda by CBC. Wow!
You misguided tree huggers in the Biden Government go ahead and subsidize green energy and by the time you discover that it is purely uneconomic, oil and gas prices will be through the roof. Mission Accomplished!
JustinTrudeau just talks about climate change but, like everything else, does little about it. Just empty words. I'm ashamed that I voted for this loser.
Hey, let's ruin our economy also.
Green energy is devastating to the environment even the radical woke progressive Michael Moore did a documentary on it called -planet of the human-. Go watch it and quit being fooled.
Other countries? Reuters had articles about Freeland yesterday. CBC zero.
After Joe Biden said that pipeline to Germany from Russia would never be standing for long, an article was released saying the USA did blow up that pipeline. That's not very green
Nobody cares why these absolutely fabulous ideas and programs require government subsidies. Sounds like something a journalist would be interested in.
Meanwhile in 🇨🇦
A looming climate catastrophe is one of the greatest frauds ever perpetrated by the collective West. ☑️
Garbage reporting
if green energy was so great, they wouldn't need subsidies.
Another crock of 💩. Green Energy subsidies, our tax dollars hard at work.
Even when the impact has been negative and a complete fucking disaster?
These huge American spending bills will stop when thier currency loses its reserve status.
LOL