1 Intergovernmental Panel on Climate Change, Global Warming of 1.5 °C: An IPCC Special Report on the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty, October 2018. [...] Taken together, the new climate spending Outside of the ITCs, the 2023 budget allocated $3 billion announced by the federal government in in direct funding for clean electricity projects, $1.6 billion 2023 pushes up our summary estimates by a to fund the previously-announced National Adaptation significant margin. [...] To maintain its current rate of climate spending, storage, which is a direct subsidy to the oil the federal government would need to announce new climate and gas industry designed to perpetuate fossil spending in the 2024 budget of around $3 billion for 2028/29. [...] use to electricity will reap the cost savings for years to Already, the Canadian economy is spending $720 come, not to mention the health and quality of life benefits per person per year to deal with the physical and health impacts of climate change.13associated with reduced fossil fuel use. [...] Such a program would require a budget of at least $2.5 billion.15 More generally, The federal Oil to Heat Pump Affordability Program removes we support all of the recommendations of the the up-front cost of heat pump installation for some Affordability Action Council for addressing households in some parts of the country, but the scale of affordability and climate change in the areas of the progra.
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