Mr. Speaker, the Government of Canada is developing clean electricity regulations, or CER, to help drive progress towards a net-zero electricity grid by 2035. The proposed regulations have yet to be finalized. They are being designed to ensure the decarbonization of Canada’s already low-carbon grid while ensuring continued energy reliability and affordability. The decarbonization of our electricity grid is an essential prerequisite to achieving a net-zero economy by 2050, as it will enable the electrification of many activities currently supported by emitting sources of energy. This critical energy transition is being supported by the investments that the government is making in clean electricity infrastructure and technology development.
As with all regulatory initiatives, the Government of Canada is undertaking detailed analysis to understand the costs and benefits of the CER for Canadians. These estimates will be included in the regulatory impact analysis statement, or RIAS, which will accompany the publication of the draft regulations in Canada Gazette, part I, or CGI.
Work is progressing on the draft regulations and the accompanying RIAS for CGI publication. A public comment period will follow the publication enabling the government to account for further input on the RIAS and the regulations before finalizing them.