Canada’s federal government has announced C$97.3 million (almost US$72 million) in new funding for clean transportation projects across the country. It was announced by Natural Resources Canada and other federal departments. The money will support 155 projects in provinces and territories nationwide.

The investment aims to expand electric vehicle (EV) charging, help freight fleets reduce emissions, and increase public awareness of clean transportation.

The Honourable Julie Dabrusin, Minister of Environment and Climate Change and Nature, stated,

“We are making it easier, cleaner, and more affordable for Canadians to get where they need to go by investing in new EV charging infrastructure… Making the switch to an electric vehicle reduces greenhouse gas emissions, and with the EV Affordability Program, drivers can save up to $5000, making EVs more accessible for Canadians to go electric.”

Transportation is Canada’s largest source of greenhouse gas emissions. According to Environment and Climate Change Canada, transport accounted for about 22–25% of national emissions in 2023, totaling almost 157 million tonnes of CO₂ equivalent. Passenger vehicles and freight trucks make up most of these emissions.

Reducing transport emissions is key to Canada’s goal of reaching net-zero emissions by 2050.

Charging Ahead: Billions Flow Into EV Infrastructure

The biggest part of the C$97.3 million package, C$84.4 million, will support EV charging infrastructure. This funding comes from Canada’s Zero Emission Vehicle Infrastructure Program (ZEVIP). It will support 122 projects that will install more than 8,000 new EV chargers across the country.

Canada already has more than 30,000 public charging ports installed, according to Natural Resources Canada. The new chargers will expand coverage in cities, rural areas, highways, workplaces, and multi-unit residential buildings.

Some major recipients include:

• Pollution Probe Foundation: C$7.3 million for 495 chargers.
• Manitoba Motor Dealers Association: C$6.5 million for up to 520 chargers.
• DP World Canada: C$4.375 million for 111 chargers.
• Purolator Inc.: C$2.575 million for 393 chargers.

Municipalities such as Calgary, Vancouver, Regina, Kelowna, Mississauga, and St. John’s are also receiving funding.

The federal government has set a target for 100% of new light-duty vehicle sales to be zero-emission by 2035. Expanding charging infrastructure supports this goal and helps reduce range concerns for drivers.

Greening the Freight Network

The announcement also includes C$5.7 million for three projects under the Green Freight Program. Medium- and heavy-duty trucks play a major role in freight transport. These vehicles consume large amounts of diesel fuel and produce significant emissions.

The Green Freight funding will help fleets with the following:

• Upgrade engines and vehicles,
• Improve fuel efficiency,
• Adopt low-carbon technologies, and
• Improve logistics planning.

Freight trucks represent about 37% of Canada’s transportation emissions, according to federal data. Cutting fuel use in this segment can reduce both operating costs and carbon output.

These projects aim to improve fleet performance while supporting Canada’s broader climate targets.

• MUST READ: Canada’s Climate Momentum Slows in 2026 Despite 7% Emissions Drop, RBC Report Finds

Education and Indigenous-led Initiatives in the EV Shift

The remaining C$7.2 million will support 30 education and awareness projects across Canada. These initiatives will provide information about EV adoption, charging technology, and clean fuels. They will also help train workers in EV infrastructure installation and maintenance.

Of the 30 projects, 11 are Indigenous-led. These projects focus on increasing awareness and access to clean transportation in Indigenous communities and northern regions.

Activities in this program include:

• Community test-drive events
• Skills training workshops
• Public outreach on clean fuel options

The advocates believe that education helps build confidence in electric mobility and supports long-term adoption.

Part of a Bigger National Electrification Push

The C$97.3 million funding is part of Canada’s broader Automotive Strategy and National Charging Infrastructure Strategy, announced in early 2026.

In addition to this funding, the Canada Infrastructure Bank (CIB) increased its charging and hydrogen refueling program by C$1 billion. This brings the total funding in that initiative to C$1.5 billion. The CIB program aims to support up to 5,400 new public fast-charging stations across the country.

The government also continues to provide purchase incentives for zero-emission vehicles. Federal rebates of up to C$5,000 are available for eligible EV buyers under existing programs.

Together, these measures aim to reduce emissions while strengthening Canada’s auto sector and supply chains. More so, the sector’s GHG emissions keep rising again post-COVID 19 pandemic.

Supporting Canada’s Net-Zero and 2035 ZEV Targets

This funding supports Canada’s national climate targets. The federal government plans to cut emissions by 40–45% from 2005 levels by 2030. It also aims for net-zero emissions by 2050.

This commitment is part of the Canadian Net-Zero Emissions Accountability Act. Transportation is the biggest source of emissions in the country, and so cutting vehicle emissions is key to reaching these goals.

Canada has set rules for new light-duty vehicles. By 2035, all sales must be zero-emission. There are interim goals of 20% by 2026 and 60% by 2030. Expanding EV charging helps meet those sales targets by making electric vehicles more practical for drivers across urban and rural areas.

Cleaner freight projects also support Canada’s broader plan to cut emissions from medium- and heavy-duty vehicles. The C$97.3 million funding supports Canada’s long-term move to a lower-carbon transportation system. It combines infrastructure investment, fleet upgrades, and education programs.

Closing the Emissions Gap in Transport

Transportation emissions remain high in Canada. Power plant emissions have fallen in recent years, but transport emissions have been slower to drop.

Electric vehicles produce zero tailpipe emissions. Canada’s electricity grid is about 83% non-emitting. So, when powered by it, EVs can greatly reduce carbon output. Heavy-duty vehicle upgrades and freight efficiency improvements also provide measurable reductions.

The new C$97.3 million funding helps close infrastructure gaps and prepares communities for increased EV adoption. It also sends a signal to private investors. Public funding often helps unlock additional private capital in clean energy and infrastructure projects.

Moreover, the installation of 8,000 new chargers will increase national charging coverage. Freight modernization projects will reduce diesel use, while education programs will improve awareness and workforce skills.

These steps support Canada’s commitment to reducing emissions by 40–45% below 2005 levels by 2030, while moving toward net-zero by 2050.

The C$97.3 million investment is one part of a broader national effort. As charging networks grow and fleets modernize, Canada’s transportation sector may gradually lower its carbon footprint. Further policy support, infrastructure development, and private investment will determine the pace of that transition.

• READ MORE: From Now to 2060: How Canada’s SMRs and Maritime Nuclear Power Will Drive a Net-Zero Future

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China has updated and expanded its carbon reporting rules to cover new sectors. The changes are part of the country’s effort to improve transparency on climate risks and emissions.

Officials have extended carbon reporting requirements to include the airline industry and major industrial sectors such as petrochemicals and copper producers. This is a major shift in how companies disclose climate data and manage emissions.

China also introduced a new national climate reporting standard in late 2025. This standard aims to align with global best practices and to make climate data clearer and more useful to investors and regulators.

The changes reflect China’s strategy to meet its climate targets and to build stronger systems for environmental data. They also show how the Chinese reporting regime is becoming more structured and consistent.

Inside China’s New Climate Disclosure Rulebook

In December 2025, China’s Ministry of Finance and eight other ministries issued the Corporate Sustainable Disclosure Standard No. 1 – Climate (Trial). This is a national framework for climate disclosures.

The standard is based on the International Sustainability Standards Board (ISSB) IFRS S2 Climate-related Disclosures. It focuses on reporting climate risks, opportunities, and impacts.

Under the new framework, companies are expected to report on their governance, strategy, risk and opportunity management, and metrics and targets.

The Chinese framework also requires more extensive emissions data, including value chain emissions in many cases. This goes beyond basic climate risk reporting.

Currently, the Chinese authorities present the standard as a trial (voluntary phase). However, they plan to expand its use and make parts mandatory over time. They will start with large companies and key sectors.

• READ MORE: Is China Setting a New Global Standard for Corporate Climate Reporting?

High-Emission Sectors Now Under the Spotlight

The newly announced carbon reporting expansion will affect energy-intensive and high-impact sectors, not only traditional industries:

• Airlines: This includes carriers operating domestic and international flights.
• Petrochemical firms: Companies that refine oil and produce chemical products.
• Copper producers: Firms involved in mining and processing copper.

These sectors consume large amounts of energy and generate significant greenhouse gas emissions.

The aviation sector accounts for about 2% of global energy-related CO₂ emissions, according to the International Energy Agency (IEA). In 2023, aviation emissions reached roughly 950 million tonnes of CO₂, returning close to pre-pandemic levels. China is one of the world’s largest aviation markets, and fuel combustion remains the dominant source of airline emissions.

The petrochemical industry is also highly carbon-intensive. The IEA reports that petrochemicals account for about 14% of global oil demand and 8% of global gas demand. China is the world’s largest producer and consumer of many petrochemical products, making emissions monitoring in this sector especially important.

Copper production is another energy-heavy industry. The International Copper Association states that producing refined copper needs 2 to 4 tonnes of CO₂ for each tonne of copper. This varies by ore grade and energy source.

China produces over 40% of the world’s refined copper, says the International Energy Agency and global metals stats. Smelting and refining processes consume large amounts of electricity, often generated from fossil fuels.

From Patchwork Rules to a National Framework

The new reporting requirements and standards are part of a wider shift in China’s climate disclosure regime. The country has been building a national corporate climate reporting framework since 2024. This includes guidance from stock exchanges, government agencies, and new national standards.

In January 2026, the national climate reporting standard was formally released. It follows the IFRS S2 climate disclosure framework, but it adds China-specific details. One key requirement is to report the actual business impact on the climate.

Authorities say they’re working on guidelines for industries with high emissions. These include power, steel, coal, petroleum, fertilizer, aluminum, hydrogen, cement, and automobiles, among others.

The current trial phase mainly targets listed companies. But it plans to expand to non-listed firms and small and medium-sized enterprises (SMEs) later on.

China aims to make its climate disclosure regime more comprehensive and quantitative. Companies are expected to shift from narrative statements to detailed data reporting as they develop their climate information systems.

Driving Data to Deliver on Dual-Carbon Goals

As the world’s largest greenhouse gas emitter, China aims to have its National Emissions Trading System (ETS? cover all major emitting industries by 2027 to help achieve its “dual-carbon” goals:

• peaking emissions before 2030 and reaching carbon neutrality by 2060.

Achieving these goals requires accurate, timely, and comparable emissions data from companies. Improved reporting helps regulators, investors, and the public understand corporate climate risks and progress.

Standardized disclosure can help cut down on greenwashing. This happens when companies overstate or misrepresent their climate performance. Clear rules make it harder to present incomplete or misleading data.

Those who fail to comply will face consequences. For instance, a power plant in Ningxia was recently fined 424 million yuan ($58.5 million) for missing compliance deadlines.

Better climate data also supports green finance. Investors use emissions and climate information to assess risks and make decisions about capital allocation. Reliable data can help direct funding toward low-carbon technologies and projects.

The expanded rules also fit within China’s broader strategy to build a national carbon market and improve its emissions trading system. This market already covers a growing share of the economy and underpins carbon pricing across industries.

The move also responds to global pressures. For example, the European Union’s carbon taxes on imports impact Chinese exporters in these sectors.

China’s ETS and the Use of Carbon Offsets

This data collection phase is a precursor to integrating the industries into China’s ETS. The system initially covers only the power sector, but it has added steel, aluminum, and cement.

• SEE MORE: China Carbon Prices Rise as Metals and Cement Enter the National Trading Scheme

The covered companies can use a limited number of carbon offsets to meet compliance requirements. Under the ETS design, entities can use China Certified Emissions Reductions (CCERs). These must come from projects not included in the national ETS. But companies can surrender CCERs for up to 5% of their verified emissions.

Also, only CCER credits from projects in the new national CCER program can be used after January 2025. This offset flexibility gives companies an option to meet part of their compliance obligations while broader reporting and reduction measures take effect.

The system currently regulates more than 5 billion tonnes of CO₂ annually from the power industry alone. Analysts estimate that once the additional sectors are fully included, the ETS could cover between 8.7 and 10.6 billion tonnes of CO₂ by the late 2020s — representing a significant share of China’s total emissions.

A Transparency Push With Global Implications

China’s expanded reporting rules represent a clear shift toward greater transparency in corporate climate data. Better reporting helps policymakers track progress toward national climate goals. It also helps businesses understand their own climate risks and opportunities.

For investors, richer data support more informed decisions about sustainable investments. This can help channel capital to cleaner technologies and low-carbon business models.

For the global climate community, China’s moves may influence reporting norms in other markets. As the world’s largest emitter, China’s reporting regime could shape climate disclosure expectations elsewhere.

• FURTHER READING: China Adds Power 8x More Than the US in 2025, with $500B Energy Build-Out in a Single Year

The post China Expands Carbon Reporting to Airlines and Heavy Industry in Major Climate Disclosure Shift appeared first on Carbon Credits.

Uranium is back in the spotlight. In 2026, uranium prices are climbing to levels not seen in years, fueled by supply constraints, policy support, and rising demand from nuclear power and AI-driven data centers. What was once a quiet energy commodity is now a strategic asset at the heart of the global energy transition.

Sprott Drives Uranium Price Rally with Strategic Accumulation

As per media reports, the global uranium market entered 2026 with strong momentum, as spot uranium prices surged by roughly 25% in January, surpassing $100 per pound for the first time in two years. This sharp rise reflects growing confidence in nuclear energy and mounting concerns about long-term supply constraints.

According to Sprott Asset Management, the rally toward 2024 peak levels indicates a stronger supportive backdrop than last year. In 2025, prices were volatile—falling in the early months before rebounding from the low $60s to the high $80s in the second half. Today, fundamentals appear more favorable.

Jacob White, Sprott’s ETF products director, noted that the January surge signals a shift in investor focus. Capital is moving away from downstream nuclear themes and returning to the upstream uranium supply chain, largely due to clearer policy signals and improving fundamentals.

Moreover, Sprott has been one of the largest buyers of physical uranium, adding around 4 million pounds to its uranium fund this year and bringing total holdings to nearly 79 million pounds. This accumulation highlights how investors increasingly view uranium as a strategic, long-term asset rather than a cyclical commodity.

Financial Buyers Are Redefining the Market

Institutional investors are transforming uranium into a financial asset class. Funds that accumulate physical uranium create additional demand beyond traditional utilities, removing supply from the spot market and amplifying price volatility.

Unlike utilities, financial buyers are less sensitive to short-term price swings. Their participation reduces downside risk and strengthens the long-term bull market thesis.

Strong Policy Support Is Driving Uranium Prices

Government policy is playing an increasingly influential role in shaping uranium prices in 2026. The U.S. government’s Section 232 framework on critical minerals explicitly designates uranium as vital for energy security and national defense, placing it alongside rare earths and lithium as a strategic resource.

At the same time, the U.S. Department of Energy (DOE) committed $2.7 billion over the next decade to expand domestic uranium enrichment. The investment aims to reduce reliance on foreign suppliers while supporting the next phase of nuclear power growth.

AI and Data Centers Boost Uranium Demand

This policy shift reflects a broader change in perception. Nuclear is now viewed as essential for meeting rising electricity demand, powering AI infrastructure, ensuring industrial resilience, and achieving long-term climate goals.

As tech companies increasingly recognize nuclear as a strategic power source, they create a new, enduring layer of uranium demand. Analysts project that the uranium market could expand to $60.5 billion by 2030, with AI-driven demand accelerating this growth.

Enrichment Bottlenecks Highlight Structural Weaknesses

Despite policy support, uranium enrichment remains a major bottleneck. Most reactors operate on low-enriched uranium (LEU), while advanced reactors—including small modular reactors (SMRs)—require high-assay low-enriched uranium (HALEU).

Currently, the U.S. produces less than 1% of global enrichment capacity and relies heavily on foreign suppliers. New restrictions on Russian uranium imports starting in 2028 further emphasize energy security risks.

Although the DOE’s investment aims to rebuild domestic enrichment capacity, new facilities will take years to become operational. Consequently, near-term enrichment constraints will continue to support higher uranium prices.

Mining Remains the Weakest Link

While enrichment is a challenge, upstream mining remains the weakest link in the nuclear fuel cycle. The U.S. Energy Information Administration reported that domestic uranium concentrate production fell 44% in Q3 2025, to about 329,623 pounds of U₃O₈, from only six operating facilities, mainly in Wyoming and Texas.

This decline highlights a systemic problem. The nuclear fuel cycle requires coordinated growth across mining, processing, enrichment, and fuel fabrication. Advancements in one segment without corresponding growth in the others create structural bottlenecks.

In the short term, declining production adds bullish pressure. Over the long term, decades of underinvestment in mining point to a persistent supply deficit, which could keep prices elevated.

Uranium Supply and Demand Outlook

Global demand for reactor fuel continued to grow in 2025. The World Nuclear Association estimates uranium requirements at about 68,920 tonnes, or roughly 77,000 tonnes of uranium oxide, up 3% from 2024.

Looking ahead, demand is expected to rise sharply. Under the reference scenario, global uranium needs could reach 107,000 tonnes by 2040, and under a higher-growth scenario, up to 204,000 tonnes.

This growth aligns with increasing nuclear capacity, which is projected to climb to 438 gigawatts by 2030, and nearly 746 gigawatts by 2040. The trend points to a long-term, multi-decade increase in uranium demand.

The U.S. also plans to quadruple nuclear capacity by 2050 and have 10 new large reactors under construction by 2030. If achieved, this expansion would dramatically increase uranium demand.

The timing mismatch between rising demand and the slow pace of mine development creates a structural imbalance between supply and demand. Analysts also speculate that the U.S. government could take equity stakes in uranium miners in exchange for long-term offtake agreements with price floors. This move would further tighten supply and support higher prices.

Kazatomprom’s 2026 Outlook Signals Tight Margins

Recent reports tell that Kazatomprom plans to raise uranium output by about 9% in 2026, targeting 71.5–75.4 million pounds of U₃O₈, slightly below state caps but above analyst forecasts.

However, new ISR projects and brownfield expansions take time, so near-term supply remains constrained, keeping upward pressure on prices.

• PREVIOUSLY: Kazatomprom Uranium Output Jumps 13% in 2025, But Plans for 2026 Cutback 

2026: Why the Uranium Bull Market Could Continue

Given these dynamics, uranium prices could continue trending higher throughout 2026. Government investment, supply bottlenecks, and AI-driven demand are reshaping uranium’s role in the global energy mix. Prices could approach $92 per pound or more, particularly if contracting accelerates or financial buyers continue stockpiling physical uranium.

Uranium is evolving from a traditional commodity into a strategic pillar of the global energy transition. Policy support, structural supply constraints, institutional demand, and AI-driven electricity requirements are creating a compelling long-term bull case.

For investors and utilities alike, the uranium market is signaling that big moves—and big opportunities—are on the horizon.

• SEE MORE: 2026: The Year Nuclear Power Reclaims Relevance With 15 Reactors, AI Demand, and China’s Expansion 

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