001-43_EJQR9_SUMMER26_PT - Flipbook - Page 5
“The $1-trillion buildout is not just an environmental goal;
it is an economic survival imperative.”
• Federal Backing: The Canadian government is aggressively pushing
to 昀椀nalize Clean Electricity Investment Tax Credits (ITCs) to de-risk
investments and catalyze private capital.
Furthermore, to fully unlock the bene昀椀ts of this transition, Canada
must rapidly retrain and expand its workforce to meet the skyrocketing
demand for green skills.
Developing an energy project is like a competitive strategic tennis match.
Success relies heavily on resource management, serving (pitching and
昀椀nalizing power purchase agreements), and long-term rallies (planning
and permitting). We must dismantle bottlenecks, provide a 昀氀ow for
progress, balance patience with aggression, constantly adjusting to
regulatory and market changes to secure the win.
Meeting the moment
Dismantling the bottleneck
Despite the staggering capital injection, execution will make or break
this vision. The sector is currently facing notable bottlenecks; a surge
in demand for the clean economy ITCs has led to processing backlogs,
requiring government agencies to rapidly scale up capacity to speed up
approvals.
More than 270 investors, developers and policymakers recently met in
Toronto for the Clean Power Finance Canada event to make deals and
strengthen partnerships needed to build the next generation of clean
energy projects. Hosted by the Canadian Renewable Energy Association
(CanREA) and presenting sponsor CIBC, the event brought together
leaders from across the clean energy and 昀椀nance sectors.
E N V I RON M E N T J OURN A L QUA RT E RLY RE PORT • S UM M ER 2 02 6 • P AGE 5
