By : Inspenet, November 10, 2022
The inclusion by the federal government of Small Modular Reactors (SMR) among the clean energy technologies eligible for a new investment tax deduction has been received as a clear signal that it considers nuclear energy to be a “relevant energy”. clean” at the same level as other technologies with low carbon emissions.
The ‘Autumn 2022 Economic Statement’ was released last week by Deputy Prime Minister and Finance Minister Chrystia Freeland, who said it focused on “building an economy that works for all…even when we face headwinds.” global, the investments we are making will drive Canada’s development.”
“Following the adoption of the so-called Reducing Inflation Act in the United States, the need for a competitive cleantech tax credit in Canada is more important than ever,” the statement said, before moving on to propose a refundable tax credit. equivalent to 30% of the capital cost of investments in electricity generation systems, including solar photovoltaics, small modular nuclear reactors, concentrated solar power, wind power and water (small hydroelectric, run-of-river, waves and tides).
Credits are also available for stationary electricity storage systems (as long as they don’t use fossil fuels), low-carbon heating equipment, and zero-emission commercial vehicles, such as heavy hydrogen or electric equipment used in mining or construction.
The Government also indicates in the statement that it will consult on “other eligible technologies (for example, large-scale nuclear and large-scale hydroelectric)”. It will announce the concrete details of what those technologies will be in its 2023 budget.
Source : https://www.rumbominero.com/canada/canada-energia-nuclear-energia-limpia/
Photo: ShutterStock
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