Bioenergy Insight
Green technology is being incentivised by a range of legislation in Canada. Source: Wikimedia Commons, by Martin Dawes.
Summary
Alberta is moving into phase two of its carbon levy and Ontario has expanded its cap and trade market. The moves mirror similarly anti-emissions sentiments in Federal governments.
Introduced in 2017, Alberta's carbon tax is being raised from CA$20 to CA$30 per tonne of CO2. In a statement, the Alberta government said that the funds raised would go into improving infrastructure and creating green jobs. They also highlighted other parts of their green agenda, including tax rebates on technology like solar panels and more efficient water heating systems.
Ontario also implemented new carbon-reducing legislation. Their cap-and-trade system sets emissions allowances for companies. Those who produce less than their allowance can sell the rest to a company who has exceeded theirs. In the November 2017 auction, the province raised CA$422 million (€279 million), which will be invested in anti-emissions programmes.
Full Article
Continue Reading
#News#PolicyandRegulation#Canada#Alberta#Ontario#Sustainability#EmissionsReduction#InternationalPerspectives