What’s in Canada’s 2030 Emissions Reduction Plan?
The Plan describes various actions that are already making notable emissions reductions. Better still, it outlines the new measures Canada needs to achieve its 2030 target and 2050 net-zero emissions.
Canada will reach its 2030 emissions target by:
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Helping to reduce energy costs for homes and buildings
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Decreasing carbon pollution from the oil and gas sector
- Empowering communities to take climate action
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Powering the economy with renewables
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Investing in nature and natural climate solutions
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Supporting farmers as partners in building a clean, prosperous future
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Maintaining Canada’s approach to pricing pollution
In particular, part of Canada’s 2030 Emissions Reduction Plan is to invest $2.9 billion to make buying zero-emission vehicles (ZEVs) more affordable.
It will also have a regulated sales mandate so that 100% of new passenger cars sold will be zero-emission by 2035. The interim targets for ZEV are 20% by 2026 and 60% by 2030.
Canada’s Emissions Reduction Plan also reveals another $780 million to invest in the power of nature to capture and store carbon. These include the oceans, wetlands, peatlands, grasslands, and agricultural lands. Investments in this area will further explore the potential for negative emission technologies.
Even more crucial is reducing oil and gas methane emissions by 75% in 2030 while creating good jobs. The estimated contribution for the oil and gas sector alone is a 31% reduction from 2005 levels. This is equal to a 42% reduction from 2019 levels.
