The goal of the agreement between Ottawa and the provinces is a reduction in emissions of 30% by 2030.
There are three key elements of this plan:
- A carbon price that will rise from CAD 10 in 2018 to CAD 50 in 2022.
- Provinces and territories can keep their revenues.
- Flexibility in what kind of system the provinces choose: for example a cap and trade system such as the one in Ontario or Quebec or a carbon tax system, currently in place in British Columbia.
Region: Canada: Quebec, Ontario
Project volume: n/a
The Canadian government announced the following complementary actions to achieve the emission goals:
- Phasing out of coal across Canada by 2030
- Building new and enhanced transmission lines within and between provinces and territories
- Modernizing electricity systems through deployment of smart-grid technologies
- Reducing reliance on diesel working with Indigenous Peoples and northern and remote communities
While 80% of Canada’s energy already comes from non-emitting sources, Canada will need to shift to cleaner energy sources to ensure its electricity needs are covered. Hence, Swiss companies will find increasing opportunities in the renewable energy sector, notably wind, solar and hydro.
- Making new buildings more energy efficient by adopting new “net-zero energy ready” building codes by 2030
- Retrofitting existing buildings
Developing a model code for existing buildings by 2022 and requiring labelling of building energy use by 2019
- Improving energy efficiency for appliances and equipment by setting new standards for heating equipment and other technologies
- Support building codes and more energy efficient housing in Indigenous communities.
This shift towards increased energy efficiency provides excellent opportunities for Swiss SMEs with know-how and products such as heating, ventilation and cooling systems, building and sealing materials, etc. in the sustainable buildings sector.
- Setting and updating vehicle emissions standards and improving the efficiency of vehicles and transportation systems
- Increasing the number of zero-emission vehicles on the road
- Shift to lower-emitting types of transportation and investing in infrastructure;
- Use of cleaner fuels
Swiss SMEs will find opportunities in the e-mobility sector, as federal, provincial, and territorial governments are investing heavily in innovative storage and charging, as well as fueling infrastructure solutions.
- Reducing methane and hydrofluorocarbon (HFC) emissions by 40-45 percent by 2025
- Improving industrial energy efficiency
- Investing in technology
Oil sands account for 8.5 per cent of Canada's greenhouse gas emissions. Therefore the industry is looking for new technologies that lower emissions and increase energy efficiency in all aspects of oil sands operations.
Forestry, Agriculture, and Waste
- Increasing stored carbon
- Increasing the use of wood for construction
- Generating bioenergy and bioproducts
- Advancing innovation
Swiss companies can tap into a huge potential for European know-how in wood construction and integrated solutions for modern wooden structures. Furthermore, federal provincial and territorial governments are looking for solutions that generate renewable fuel from waste.
- Setting ambitious targets. The federal government is planning to cut its own emissions by 40 percent below 2005 levels, by 2030 or sooner.
- Cutting emissions from government buildings and fleets
- Scaling up clear procurement
The Canadian government will drive demand in clean energy and technology by replacing and retrofitting government buildings and its fleet thus creating opportunities for companies in the area of cleantech.
For more information about opportunities in Canada’s cleantech sector, contact the Swiss Business Hub Canada today.
- Pan Canadian Framework on Clean Growth and Climate Change. Canada’s Plan to Address Climate Change and Grow the Economy. Retrieved on December 20, 2016 from: www.canada.ca
- Trudeau announces 'pan-Canadian framework' on climate — but Sask., Manitoba hold off. Retrieved on December 20, 2016 from: www.cbc.ca
- What the pan-Canadian climate plan gets right. Retrieved on December 20, 2016 from: www.macleans.ca
- GHG Emissions. Retrieved on January 10, 2016 from: www.canadasoilsands.ca