Canada Aims for a Cleaner Power Grid by 2035: New Draft Regulations Unveiled
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.