Carney Unveils Plan to Double Canada’s Electricity Generation by 2050
Bloomberg.com • • business
Key Points:
- Prime Minister Mark Carney unveiled a strategy to double Canada's electricity generation capacity by 2050.
- The plan includes modifying clean electricity regulations to allow greater flexibility for natural gas power generation.
- The expansion of Canada's power grid is projected to cost over C$1 trillion ($729 billion).
- Funding for the grid expansion will be shared among federal and provincial governments and private sector participants.