Canada announces multi-billion dollar climate investment plan

In November, Jerry DeMarco, Canada’s Environment Commissioner, noted that “chess” country in the fight against climate change. Canada registered ‘worst performance’ Of the G7 countries, according to this independent body.

To offset this, on Tuesday, March 29, the Canadian government announced the initiation of a C$9.1 billion (€6.5 billion) investment plan.

On Prime Minister Justin Trudeau, “The whole world is focused on clean energy”including Europe, which wants to reduce its dependence on Russian oil and gas. ‘Canada can’t afford not to do this’He said at a news conference in Vancouver, western Canada.

“The leaders I’ve spoken to in Europe over the past few weeks have been clear: They don’t just want to end their dependence on Russian oil and gas, they want to accelerate the energy transition toward clean and green energy.”he added.

100% electric car sales by 2035

More than $2.9 billion will be pumped into the transition to electric vehicles, including assistance to Canadians and charging infrastructure. Ottawa aims to sell at least 20 percent of zero-emissions cars by 2026 and have them represent 100 percent of new passenger cars sold in Canada by 2035.

In addition, Justin Trudeau’s government will invest in zero-energy buildings by 2050, and in wind and solar projects. Canada wants to cut emissions from the oil and gas sector by 31% to achieve carbon neutrality by 2050.

This roof is good “How important”It doesn’t go far enough, says the David Suzuki Foundation, an environmental advocacy group. “This plan has a better chance of success than any Canadian climate plan that has preceded it.”However, its general manager admitted.

Thus, Canada is committed to reducing greenhouse gas emissions by 40% by 2030, compared to their level in 2005.

As the fourth largest oil producer in the world, Canada is among the top ten greenhouse gas emitters on the planet and has one of the highest emissions rates per capita. And Ottawa announced last week to increase its oil exports by about 5% to meet its needs “help requests” she has “Allies, suffer from a shortage” Because of the conflict in Ukraine.