NOBLETON, Ont – The enormous climate change plan in Ontario is committed to reaching the Paris Agreement objectives by 2030 by taking a series of measures to set up a fund to stimulate private investment in clean technologies and establish efficiency standards for large sources of emissions.
Minister of the Environment Rods Philips, who has revealed the plan for a progressive conservative government on Thursday, will spend $ 400 million from tax-financed Ontario Carbon Trust partners with the private sector on environmentally-friendly technologies for four years.
It will also consult industry to develop performance standards for large emission sources.
"It's a plan that makes a clean break from the status quo, and it's a plan that balances health and a healthy economy," said Phillips. "Our plan will encourage people, families and businesses to take greater responsibility for our common environment while working towards these common goals."
Phillips stressed that the plan, which replaces the previous liberal regime restraint and trading system, does not place carbon prices. During the spring election campaign, the Tories reiterated that the carbon pricing system, which is a federal requirement, makes life unattainable for families.
The Ontario Carbon Trust will include a $ 50 million "reverse auction" that encourages companies to bid on public procurement based on the lowest price per tonne of greenhouse gas emissions.
It is a plan that makes a clean break from the status quo and is a plan that balances health and healthy economies.
The Carbon Trust seems to be a model that is similar to the Australian Emission Reduction Facility to address climate change. This system provides incentives for taxpayers to adopt green practices and technologies for businesses, farmers and landowners, but critics say it has allowed emissions to increase.
The climate plan will set up an independent council that will work with the private sector to identify projects that reduce emissions.
This province also plans to promote greater use of electric vehicles, the use of compressed natural gas in motor vehicles and increased levels of ethanol in petrol.
It will also undertake an assessment of the impact of climate change on Ontario.
Under the Paris Agreement, targets were set for reducing emissions by 30% compared to 2005 levels by 2030. For Ontario, this would mean a reduction of emissions to 1630 megawatts to 143 megawatts by 2030.
Phillips said that Ontario is eight percent behind this goal.
"The plan we have proposed today is a sensible and reachable approach to doing so," he said.
The Paris agreement pledges to keep the average temperature increase below 2 degrees Celcius.