U.S. energy policy offers an investment tax credit of $3,000 per kilowatt, or 30% of the cost, whichever is less. Canada could benefit by harmonizing some of the tax policies with the U.S. to maintain competitive investment climates for clean technology. Harmonizing energy, environment, and tax policies can assist in developing economic advantage and a culture of innovation.
Recently, the Conference Board of Canada stated:
Canada’s report cards on innovation and environment are still below average. We do not do a good job of identifying and capitalizing on those areas where we can be globally competitive.
In short, Canada is blessed with many energy resources, but we can and should increase our capability to develop and use clean technology. It can only strengthen our competitiveness, and early purchase incentives for non-combustion technologies can support our Canadian priorities on energy, environment, and innovation.
I'd like to thank you for your time and your consideration of these recommendations.