How Ontario’s Climate Change Action Plan Will Benefit the Clean Tech and Electrical Sectors
June 10, 2016
The province’s Climate Change Action Plan, released earlier this month, will provide people and businesses with tools and incentives to accelerate the use of clean technology that exists today.
These changes will provide a boost for the province’s clean tech sector, and provide opportunities for the electrical industry.
The plan outlines key actions the government will take to combat climate change, create good jobs in clean tech and construction, increase consumer choice and generate opportunities for investment in Ontario, including:
- establishing a green bank that would help homeowners and businesses access and finance energy-efficient technologies to reduce greenhouse gas pollution from buildings
- making Ontario one of the easiest and most affordable jurisdictions in North America for homeowners and businesses to install or retrofit clean-energy systems, such as solar, battery storage, advanced insulation and heat pumps
- making new buildings increasingly energy efficient over time, providing better information about energy use by buildings and homes, and giving Ontarians more choices, incentives and tools to make the right energy choice for their homes and businesses
- creating cleaner transportation by increasing the availability of zero-emission vehicles on the road
The Climate Change Action Plan and a cap and trade program form the backbone of Ontario’s strategy to cut greenhouse gas pollution to 15% below 1990 levels by 2020, 37% by 2030 and 80% by 2050.
Ontario’s environmental and clean technology sector comprises 3,000 firms, employs 65,000 people, and is worth an estimated $8 billion in annual revenues and $1 billion in export earnings.
Find out more: https://www.ontario.ca/page/climate-change-action-plan.
