Policy Submissions & Government Consultations
Advance Canada’s Climate Change Plan
Two technicians in distance discussing between long rows of photovoltaic panels. Alternative energy source, ecology and carbon footprint reduction concept.
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CME AT WORK: Help Manufacturers Adapt to and Advance Canada’s Climate Change Plan
Some consider the race to build the clean economy to be one of the most significant economic transformations since the Industrial Revolution. The federal government has proposed incentives to encourage manufacturers to build clean technology, though they have yet to be made operational and they do not fully close the gap in incentives between Canada and the U.S. As such, Canada’s manufacturing sector remains at risk of being left behind in the global race to develop clean technology.
Manufacturing Canada's Future: An Industrial Strategy - Policy Recommendations
To support the growth of clean technology manufacturing in Canada and to help them decarbonize their operations, CME recommends that governments:
- Speed up implementation of the new and expanded investment tax credits (ITCs) proposed in Budget 2023 and introduce additional measures to close the gap in incentives relative to the U.S. Inflation Reduction Act
- Expand and extend the Net Zero Accelerator (NZA) initiative at least ten more years, providing a minimum of $5.0 billion in annual funding to support large-scale carbon reduction investments
- Create an SME net-zero transition strategy that focuses on education and awareness campaigns, operational assessments, and dedicated funding to secure their participation in global supply chains
- Return all revenues from the federal fuel charge to manufacturers
- Simplify and accelerate the approval process for new projects by enacting comprehensive permitting and regulatory reform and by identifying and eliminating redundant and outdated regulations