article thumbnail

Climate was biggest winner in 2024 budget, but climate funding gap persists

Corporate Knights

Two-thirds of that climate funding is via clean-economy tax credits meant to expire by 2035, while most new spending items are fanned out over the next five years. Budget 2024 measures New spending projections 2023/24–2028/29 More affordable homes $ 8.6 billion Clean economy $14.2 billion* *Projections include $7.6

article thumbnail

Seeding a low-carbon farming wave

Corporate Knights

In addition, the federal government’s Agricultural Clean Technology Program recently expanded its envelope to $195 million over five years (2021–2026). The federal government is in the midst of developing its next Canadian Agricultural Policy Framework, due in 2023.

Net Zero 289
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Budget 2023’s clean investments don’t add up

Corporate Knights

News headlines trumpeted that the federal budget was setting aside more than $80 billion for clean technology tax credits over the next 12 years. That's a big number. Adjusting for the size of our economy, it is twice as ambitious as the US$369 billion that will be spent over 10 years as part of the U.S.

article thumbnail

New Jersey seeks 1 GW of transmission-scale storage

Utiliity Dive

The “energy storage fund” would require the board to deposit into it at least $60 million a year starting in 2028. It’s pretty exciting that we have an all-in approach from the state’s perspective today,” Moira Cyphers, the director of Atlantic Offshore and Eastern State Affairs for the American Clean Power Association, said in an interview.

EPA 111
article thumbnail

Legislative Carrot Feeds US Climate Transition

Chris Hall

One hundred percent of EV batteries must be manufactured and assembled in North America by 2028. Companies have been responding. Honda and LG Energy Solution have announced a joint US$4.4 billion venture to produce lithium-ion batteries in the US, and Michigan-based energy storage company Our Next Energy is planning a US$1.6