Connect with us

Hi, what are you looking for?

CleanTechnica
The Canadian Government announced on Monday its intention to accelerate investments in clean electricity to speed up the transition from traditional coal power to clean energy by 2030, promising to phase out traditional coal-fired electricity.

Clean Power

Canada To Virtually Phase Out Coal By 2030 & Accelerate Clean Tech Investment

The Canadian Government announced on Monday its intention to accelerate investments in clean electricity to speed up the transition from traditional coal power to clean energy by 2030, promising to phase out traditional coal-fired electricity.

The Canadian Government announced on Monday its intention to accelerate investments in clean electricity to speed up the transition from traditional coal power to clean energy by 2030, promising to phase out traditional coal-fired electricity.

Additionally, Canada’s Minister of Environment and Climate Change, Catherine McKenna, also announced an agreement between the Governments of Canada and Nova Scotia to implement a cap-and-trade price on carbon pollution, alongside its aims to negotiate a new equivalency agreement on the accelerated coal phase-out.

Announced on Monday, Catherina McKenna put forward Canada’s new vision for a clean-growth economy, accelerating the transition from traditional coal power to clean energy by 2030 — defining “traditional coal power” as coal-fired electricity that does not use carbon capture and storage to trap carbon dioxide and store it.

The Government of Canada will back this accelerated transition by using the Canada Infrastructure Bank to increase investments and financing of clean energy projects and modern electricity systems between provinces and territories. The Government is aiming to put Canada on a path to move from 80% towards 90% non-emitting energy sources by 2030, improving the air quality, and reducing greenhouse gas emissions by more than five megatonnes in 2030 — the equivalent of taking 1.3 million cars off the road.

“Taking traditional coal power out of our energy mix and replacing it with cleaner technologies will significantly reduce our greenhouse gas emissions, improve the health of Canadians, and benefit generations for years to come,” said Catherine McKenna, Minister of Environment and Climate Change. “It sends a clear signal to the world that Canada is a great place to invest in clean energy.”

Parallel to this announcement is an agreement with the province of Nova Scotia, which will see the implementation of a cap-and-trade price on carbon pollution that aligns with Canada’s pan-Canadian approach to pricing carbon pollution. Nova Scotia will also adopt a province-wide target that meets or exceeds Canada’s target of reducing emissions by 30% over 2005 levels by 2030.

“We are extremely pleased that the province of Nova Scotia intends to implement a cap-and-trade system as its approach to pricing carbon pollution,” said Catherine McKenna. “Their proposed approach ensures that Nova Scotia will remain a leader in contributing to Canada’s international emissions-reduction target under the Paris Agreement.”

Nova Scotia will also enter into negotiations with the Government of Canada to create a new equivalency agreement on the accelerated coal phase out.

“We will be working on an updated equivalency agreement on the accelerated coal phase-out in order to recognize Nova Scotia’s strong action on reducing GHG emissions,” continued McKenna. “Today’s announcement demonstrates our commitment to a collaborative, productive approach to clean growth and climate change, and we will continue working with all provinces and territories to build the low-carbon economy of the future.”

 

Advertisement
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Clean Transport

The future of two automotive plants in Ontario has been up in the air, but a recent announcement by Stellantis shows that electrifying the...

Fossil Fuels

In 2021, the value of U.S. energy imports from Canada totaled $102 billion, which is 76% higher compared with 2020. The value of U.S....

Clean Power

Buzz Solutions is a successful cleantech startup that automates analysis of drone inspection images for the power industry on its platform-as-a-service.

Clean Transport

StreetScooter electric vehicles are coming to the US and Canada.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.