The party would create a two-year tax credit for energy-saving home renovations; reduce the income tax rate for revenue generated by green-technology patents; require companies that emit more than 40 kilotonnes of greenhouse gasses annually to invest in green technology R&D; give tax incentives to industries that reduce emissions in other countries; provide $250 million for green technology venture capital funds-of-funds that raise $1 billion in private money; and make Export Development Canada (EDC) issue more green bonds. The plan, announced by opposition leader Andrew Scheer on Wednesday, does not specify by how much its measures would reduce emissions. (The Logic)

Talking point: The Conservative leader contrasted his approach with the Liberal government’s carbon pricing system, which he called a “tax grab.” However, the current government has already allocated billions to cleantech. Sustainable Development Technology Canada, which supports commercialization projects, has also increasingly focused on scale-ups with products that are almost ready to sell. And, on Tuesday Prime Minister Justin Trudeau promised to use all the tax revenue and profits—estimated at more than $500 million annually—from the Trans Mountain pipeline expansion on cleantech investments.