Budget 2025 Sets Stage for Climate-Competitive Canada
According to Chris Severson-Baker, executive director at the Pembina Institute, Budget 2025 and the Climate Competitiveness Strategy are crucial for Canada's economic future.
“Canada urgently needs to build a stronger, more dynamic economy – one that is resilient to the volatile geopolitical context we’re in.
The Pembina Institute highlights the importance of investing in clean energy, which now outnumbering fossil fuels at a rate of two-to-one.
- Investment in clean energy outnumbers fossil fuels by two-to-one.
- Strengthening industrial carbon pricing can drive private capital towards low-carbon investments.
The government's commitment to industrial carbon pricing is seen as a promising step towards significant emissions reductions.
“Most promising today is the government’s commitment to strengthening industrial carbon pricing – systems which have the potential to efficiently drive millions in private capital toward low-carbon investments and significant emissions reductions from Canada’s heaviest-emitting sectors, including oil and gas.
Author summary: Budget 2025 sets stage for climate competitiveness.
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