Deputy Prime Minister Chrystia Freeland tabled the federal Fall Economic Statement (FES) on 21 November 2023. This FES focused on key social objectives and priorities, particularly to address Canada\u2019s affordability and housing crisis, however the FES also included a number of announcements important for the nuclear energy.<\/p>\n\n\n\n
In line with recommendations made by the Canadian Nuclear Association, the government will update the Green Bond Framework<\/strong> to include nuclear energy. The update will also align the framework with: Canada\u2019s 2030 Emissions Reduction Plan, updated taxonomies, international best practices, and evolving investor preferences. Specific nuclear energy expenditures eligible include:<\/p>\n\n\n\n The Government also committed to introducing implementation legislation for Clean Technology ITC<\/strong>. However this legislation will not be drafted until after the 2024 federal budget with the actual legislation tabled in fall 2024.<\/p>\n\n\n\n Informed by Natural Resources Canada\u2019s ongoing work to develop a National Benefits-Sharing Framework, the government will advance development of an Indigenous Loan Guarantee Program<\/strong> to help facilitate Indigenous equity ownership in major projects in the natural resource sector. Next steps will be announced in Budget 2024.<\/p>\n\n\n\n The Canada Growth Fund<\/strong> will be the principal federal entity issuing carbon contracts for difference. The Canada Growth Fund will allocate, on priority basis, up to $7 billion of its current $15 billion in capital to issue all forms of contracts for difference and offtake agreements. Further Canada Growth Fund investments will be announced in the coming weeks and months.<\/p>\n\n\n\n Finally, the Government indicated that regulatory reform legislation<\/strong>, initially expected in 2023, will not be introduced until 2024. Budget 2023 announced that, by the end of this year, the government will outline a concrete plan to further improve the efficiency of the permitting and impact assessment processes for major projects, which will include clarifying and reducing timelines, mitigating inefficiencies, and improving engagement and partnerships. The recently announced Ministerial Working Group on Regulatory Efficiency for Clean Growth Projects is coordinating government-wide efforts and details of the government\u2019s plan will be released in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":" Deputy Prime Minister Chrystia Freeland tabled the federal Fall Economic Statement (FES) on 21 November 2023. This FES focused on key social objectives and priorities, particularly to address Canada\u2019s affordability and housing crisis, however the FES also included a number of announcements important for the nuclear energy. In line with recommendations made by the Canadian […]<\/p>\n","protected":false},"author":8471,"featured_media":32626,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[489],"tags":[],"topic":[597,598,583,584],"class_list":["post-33127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-releases","topic-economy","topic-finance","topic-governmental-affairs","topic-regulatory-affairs"],"acf":[],"yoast_head":"\n\n