What is Canada’s new 2030 Emissions Reduction Plan?

Be the First to Comment Read

What is Canada’s new 2030 Emissions Reduction Plan?

What is Canada’s new 2030 Emissions Reduction Plan?
Image source: Photo by Pixabay.com

Highlights

  • The Emissions Reduction Plan is the first plan introduced under the Canadian Net-Zero Emissions Accountability Act
  • The government is planning on developing a regulated clean electricity standard and making an additional investment of around C$ 850 million in clean energy projects such as wind and solar power
  • The government of Canada is planning to make an additional investment of C$ 780 million to aid grasslands, wetlands, and oceans for storing and absorbing carbon from the atmosphere

The impacts of climate change are evident in Canada. Canadians may want a healthy environment and resilient economy for the upcoming generations.  

So, to reduce emissions in the atmosphere, the government of Canada has introduced the 2030 Emissions Reduction Plan: Canada’s Next Steps to Clean Air and a Strong Economy on March 29, 2022. In this article, we will look at Canada’s new Emissions Reduction Plan. 

2030 Emissions Reduction Plan

The 2030 Emissions Reduction Plan includes various actions that are already contributing toward reductions and new measures that will focus on lowering the emissions across the entire economy to achieve its new climate goals of reducing emissions to 40 per cent below 2005 levels by 2030 and will develop a path to meet net-zero emissions by 2050. 

More than 30,000 Canadians, including workers, business owners, and young people shared their views for the 2030 Emissions Reduction Plan with the government of Canada. According to their message, climate action should go hand in hand while securing an affordable life and creating employment for Canadians, the government said.  

The Emissions Reduction Plan is the first plan introduced under the Canadian Net-Zero Emissions Accountability Act. To cut pollution and grow the economy, the Emissions Reduction Plan includes C$ 9.1 billion in new investments. 

Also read: What is Canada’s Health Portfolio and its role in healthcare? 

Helping Canadians use electric vehicles

To support its goals of adding 50,000 ZEV chargers, the government is planning to make an additional investment of C$ 400 million for zero-emission vehicle (ZEVs) charging stations. Additionally, ZEV charging and refueling infrastructure will receive an investment of C$ 500 million from the Canada Infrastructure Bank. The government of Canada will be making the purchase of zero-emission vehicles (ZEVs) more affordable by providing financial support of C$ 1.7 billion.  

Making Canada’s homes and buildings greener

The government of Canada is focused on achieving net-zero emissions by 2050 through its C$ 150 million Canada Green Buildings Strategy. This strategy will be supporting the implementation of the new policy, programs, incentives, pilot community-scale retrofits, and highest-tier building codes by working with provinces, territories, and other partners. The Canada Greener Homes Loan program will get an additional investment of C$ 458.5 million, under the plan.  

Also read: What is Canada's Healthy Environment & Healthy Economy climate plan? 

Focusing on using renewable electricity

To achieve net-zero emissions by 2050, electrification in vehicles, buildings, and various other industrial processes need to be introduced. To achieve this, Canada needs to supply more electricity and ensure that all of it is developed with net-zero emissions.  

The government is planning on developing a regulated Clean Electricity Standard and making an additional investment of around C$ 850 million in clean energy projects such as wind and solar power.  It is focused on working with Indigenous partners, stakeholders, provinces and territories to move the electricity grid of Canada to net-zero emissions by 2035. 

Also read: How does Canada’s forestry industry tackle climate change? 

Focusing on reducing emissions from the oil and gas sector

To achieve net-zero emissions by 2050, lowering oil and gas methane emissions by 75 per cent by 2030 is needed, and to develop good jobs, the government is planning on developing a strategy to cap oil and gas emissions by working closely with Indigenous partners, stakeholders, provinces, and territories.

Supporting farmers in developing a clean future

It is helping farmers in adopting sustainable practices, energy-efficient technologies, and carbon sequestering solutions by investing around C$ 1 billion in new and expanded programs. 

Encouraging communities to fight against climate change

To support projects of Indigenous peoples, schools and governments, municipalities, universities, and organizations to reduce pollution and develop jobs across Canadian communities, the government is planning to invest C$ 2.2 billion to expand the Low Carbon Economy Fund.  

Using nature and natural climate solutions for fighting climate change

It is planning to make an additional investment of C$ 780 million to aid grasslands, wetlands, and oceans of Canada for storing and absorbing carbon from the atmosphere. 

Also read: What are Environment and Climate Change Canada’s funding programs? 

 Government actions for meeting 2030 plan

Image credit: © 2022 Kalkine Media®

Bottom line

Taking climate action will help in building a strong and resilient economy, clean air, good, sustainable jobs, and a better future. The various nature-based solutions, including wetlands and grasslands, help in capturing carbon from the air and reduces the risks of floods, and protects Canadians from climate risks. Programs like Nature Smart Climate Solutions Fund not only help Canadians in tackling climate change but also enhance their quality of life.

Disclaimer

Speak your Mind

Featured Articles