The federal government has released its 2030 Emission Reduction Plan, focusing on reducing carbon emissions while keeping life affordable for Canadians and creating jobs.
Among the highlights of the plan are building retrofits and up to $458.5 million more for a Canada Greener Home Loan program to help Canadians reduce emissions and save money on renovations and heating and cooling costs while creating jobs.
The Low Carbon Economy Fund is being expanded through $2.2 billion, helping the provinces and territories as well as universities, schools, hospitals, businesses, not-for-profits, and Indigenous groups and organizations. That’s in addition to a new $180 million for an Indigenous Leadership Fund.
$400 million is being provided for electric vehicle charging stations and another $1.7 billion is being provided for incentives to purchase new electric light-duty vehicles.
The plan also highlights the necessity to supply lower carbon oil and gas to the world, which appears to bode well for Bay du Nord. A guide has been developed to implement a cap on oil and gas sector emissions, designed to lower emissions at a pace and scale needed to get to net zero by 2050.
