Canada Aims for a Cleaner Power Grid by 2035: New Draft Regulations Unveiled
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Canada’s Environment Minister, Steven Guilbeault, introduced draft regulations aiming to make Canada’s electricity grid cleaner and more affordable by 2035. Despite potential energy cost increases, the government projects long-term savings from reduced fossil fuel reliance. Household energy bills may rise between $35 and $61 annually by 2040, but the government plans to cover up to 50% of these costs through tax credits and financing options. The final regulations are expected by January 2025, with implementation in 2035, reflecting a balance between sustainability and affordability.