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ARTICLE · 21 DECEMBER 2020

All Of The Above: Canada Reveals $15 Billion Plan To Accelerate Decarbonization

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On Dec. 11, 2020, the federal government unveiled its latest comprehensive plan to address climate change (the "Climate Plan").

CanadaEnergy and Natural Resources
Thomas Timmins
Thomas Timmins
Chris Hummel
Chris Hummel
Shamus Slaunwhite
Shamus Slaunwhite
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On Dec. 11, 2020, the federal government unveiled its latest comprehensive plan to address climate change (the "Climate Plan"). Entitled "A Healthy Environment and a Healthy Economy", Canada's federal Climate Plan comprises 64 policies, programs, and investments1 intended to support post-pandemic economic recovery while accelerating Canada's climate goals. The Climate Plan aims to exceed Canada's 2030 emissions reduction target and achieve a net-zero emissions economy by 2050.2

Containing $15 Billion in investments, the Climate Plan offers significant opportunities for a variety of industries. When considered together with the Canadian Infrastructure Bank's (the "CIB") recently-released Growth Plan, the Climate Plan is especially good news for Canada's clean energy sector.

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