Details of Canada’s framework agreement on climate change
Agreement intended to ensure Canada meets, or exceeds, the 2030 goal of reducing GHG emissions by 30% below 2005 levels.
Oil & Gas
OTTAWA — Prime Minister Justin Trudeau won the agreement Dec. 9 of eight provinces and all three territories for an “historic” pan-Canadian framework on clean growth and climate change.
The agreement is intended ensure Canada meets, or exceeds, the 2030 goal of reducing greenhouse gas emissions by 30% below 2005 levels, as promised at last year’s UN-sponsored climate change summit.
The core measure is imposition of a national price on carbon, starting at $10 per tonne of carbon emissions in 2018, rising to $50 per tonne by 2022. The federal government will impose that price in provinces that refuse to adopt their own carbon pricing regimes.
In a concession to BC Premier Christy Clark, outside experts will evaluate the effectiveness and comparability of different carbon pricing mechanisms, with an interim report due in 2020 and a final evaluation in early 2022.
Beyond that, the first ministers agreed to:
– Develop new building codes to improve energy efficiency.
– Deploy more charging stations for electric vehicles.
– Phase out coal-fired power by 2030 and expand clean electricity systems. Trudeau says the goal is to have Canada powered by 90% clean energy in 13 years.
– Reduce methane emissions from the oil and gas sector.
– Protect and enhance carbon stored in forests, wetlands and farm land.
– Set an example by driving significant emission reductions from government operations.
– Deliver annual progress reports on implementation of the agreement.