New Canadian Clean Energy Incentives and COP 27

This week on the podcast, Peter and Jackie talk about the news from the Federal Government’s Fall Economic Statement 2022.  The Government announced new incentives that will come into force in 2023, including credits for green electricity, clean hydrogen, energy storage and heat pumps, and a new fund to support private investment in Carbon Capture and Storage (CCS). They also introduced plans to develop incentives for manufacturing competitiveness. These incentives increase the opportunity for clean energy investing in Canada.  

They also weighed in on President Biden’s recent threats of a windfall tax on oil and gas producers in the United States if they do not start using their profits for growing oil and gas production. 

Next, they talk about the IEA’s latest World Energy Outlook.  The agency has revised down its outlooks for natural gas demand due to the events of the past year.   

Finally, COP 27 has kicked off in Egypt this week. Do these meetings actually make a difference in reducing emissions? What will be the topics of discussion this year? 

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