Canada’s transition to a greener economy

I would like to share with you two major announcements that our Liberal government recently made regarding Canada’s transition to a greener economy. On March 29th, Prime Minister Justin Trudeau and the Minister of the Environment and Climate Change, Steven Guilbeault, announced the release of Canada’s 2030 Emissions Reduction Plan: Clean Air, Strong Economy.   

  

Building on the Pan-Canadian Framework on Clean Growth and Climate Change (PCF) put forward by our government in 2016 and the Healthy Environment and Healthy Economy plan put forward in 2020, our new plan details how Canada will achieve its climate goal of reducing emissions by 40% from 2005 levels by 2030 and to be on track to achieve carbon neutrality by 2050. The detailed plan can be found at this link: https://www.canada.ca/en/services/environment/weather/climatechange/pan-canadian-framework.htm
 

In developing the 2030 Emissions Reduction Plan, we heard from more than 30,000 Canadians - youth, workers, Indigenous peoples, business owners, and others - about their views on the need to reduce emissions. Their key message to the Government of Canada is that climate action must continue to go hand in hand with keeping life affordable and creating good jobs. This plan reflects that vision and uses a sector-by-sector approach. Investments will target lowering the energy costs of homes and buildings, empowering communities to take action on climate change, continuing to facilitate the transition to electric vehicles, reducing carbon pollution in the oil and gas sector, and investing in natural climate solutions.    

 

The 2030 Emissions Reduction Plan also calls for $9.1 billion in new investments to reduce pollution and grow the economy, including the automotive sector.  Just last week, $500 million in federal funding was announced to support the construction of an LGES and Stellantis car battery manufacturing facility. This project will create more than 2,500 jobs in Canada and produce hundreds of thousands of batteries for electric vehicles (EVs) every year. It is the largest investment ever made in the Canadian electric or gasoline vehicle sector. The two companies will invest a total of $5 billion to make Canada a world leader in clean technology.  

   

I’m excited about our strengthened, detailed plan and the continued investments that will leave a better future and a better Canada for our children and grandchildren.   

  

Warm regards,