Carbon tax boosts renewable energy interest rate
The new carbon tax will raise the interest rate for solar and wind developers in Quebec by an average of 3% and 6% respectively, making them more expensive to run than other renewable energy technologies, including hydro. The tax will increase the amount a developer has to invest in renewable energy projects to pay for a higher hydro bill.
NDP MP Pierre Galante, who introduced the bill, says the골드 카지노re are only five times in a year when the investment in solar and wind technology is cheaper than the price paid by a typical customer. “To continue to encourage new investments in wind and solar power with a $300-billion carbon tax, these are the kinds of choices we have,” he said at the news conference Friday.
Premier Couillard also said that Quebec needs to be competitive with Canada because that makes its economy more efficient. She went on to say that the carbon tax will not create unemployment, which would affect other jobs or the quality of life for Quebecers.
In the last report on energy, the UN and several other organizations, they had projected 1 million new jobs created in Quebec over the next 40 years under the carbon tax and a new 20% renewable energy investment tax credit.
The report’s authors noted that the amount of tax generated is much smaller, about $4 billion each year. But it will help finance the cost of the energy infrastructure and investment needed to develop it.
Energy Minister Denis Coderre is pleased with Côte-St-Luc’s decision
As soon as the carbon tax’s price is set, energy minister Denis Coderre said Monday that “everything in this project will move forward and not go back”.
Coderre also said the province’s new policies will make Quebec “more competitive” with the other regions of Canada in the international renewable energy sector.
At a news conference Monday in Ottawa, Coderre said his province already supports about 50,000 renewable energy capacity in Canada, which could become more if a carbon tax is introduced to the Canadian market.
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Coderre said Quebec has about 12,000 MW of wind and solar capacity.
“The additional investments, new investment will enable us to continue to take advantage of our advantages,” he said.