Wednesday, November 30, 2022

Canada announces billions in new climate spending – Nation World News

Canada’s Prime Minister Justin Trudeau, pictured on March 24, 2022, announced Can $ 9.1 billion in climate action.

More electric vehicles and green energy were among the measures outlined by Prime Minister Justin Trudeau on Tuesday under a multi-billion-dollar plan for how Canada will meet its carbon emissions target.

In a speech in Vancouver announcing Can $ 9.1 billion (US $ 7.3 billion) climate action, Prime Minister Europe’s desire to wean himself from Russian oil and gas after the invasion of Ukraine linked to a broader global push for renewable energy.

“The leaders I have spoken to in Europe over the past few weeks have been clear: They not only want to end their dependence on Russian oil and gas, they want to accelerate the energy transformation to clean and green power,” he said.

“The whole world is focusing on clean energy,” he said, “and Canada can not afford not to do so.”

Canadian industry associations said the plan provided more business security, while environmental groups said it did not go far enough, but nonetheless praised the focus on transportation and the oil and gas sector — the country’s two most polluting resources.

“Canada still does not spend what is needed to successfully scale proven climate solutions and switch the country to a clean energy future,” environmental group advocacy group said in a statement.

Trudeau has long faced the environment, but has had relatively poor results, according to its critics.

Its liberal administration set a new target last year to reduce carbon emissions by 40 to 45 percent below 2005 levels by 2030.

But an independent parliamentary watchdog concluded that Ottawa had not done enough to achieve that goal, after reviewing decades of government climate action that resulted in an increase in emissions.

Environment Commissioner Jerry DeMarco said in November that Canada was ranked as the “worst performer” among Group of Seven industrialized countries in reducing emissions.

While Canada accounts for about 1.6 percent of global CO2 emissions, it is among the top 10 largest emitters worldwide and one of the highest emitters per capita.

The government’s new climate plan — Canada’s 12th since 1988 — specifically projects 40 percent cuts in oil and gas industry emissions, despite agreeing last week to increase oil production by about five percent to help address supply shortages facing European allies who avoid Russian energy.

And that requires 20 percent of all passenger cars and trucks sold in Canada to have no emissions by 2026 and 100 percent by 2035.

New money was also earmarked for energy recovery of buildings, to help heavy industries adopt carbon capture and storage technologies, to delay farmland erosion, to create new wind turbines and solar farms, and to preserve or restore wetlands and forests.

These measures will build on a previously announced carbon tax that will increase incrementally to Kan $ 170 per tonne by 2030.

Canada’s government aims for carbon neutrality by 2050

© 2022 AFP

Canada announces billions in new climate spending (2022, March 29)
Retrieved March 29, 2022

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