• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
13 Canadian Fossils Linked to Massive Losses in Western Wildfires May 29, 2023
Out-of-Control Wildfire Burns Homes, Forces Evacuations Outside Halifax May 29, 2023
Hamilton Plans Heat Bylaw for Rental Housing May 29, 2023
UK Traffic Calming Strategy Produces Solid Results, Manufactured Anxiety May 29, 2023
Community Wind Farm Earns Support, Generates Income in German Village May 29, 2023
Next
Prev

Trudeau Calls for Year of Consultation on 2030, 2050 Climate Targets

March 4, 2020
Reading time: 3 minutes

Justin Trudeau @JustinTrudeau/Twitter

Justin Trudeau @JustinTrudeau/Twitter

26
SHARES
 

The federal government is calling for a year of consultation before finalizing plans to meet a more ambitious carbon reduction target by 2030 and hit net-zero by 2050.

In a speech to the Prospectors and Developers Association of Canada (PDAC) conference in Toronto Monday, Prime Minister Justin Trudeau said Ottawa would seek input from businesses, Indigenous peoples, and the general public “in the next year” on how to make the transition to a low-carbon economy, the Globe and Mail reports.

  • The climate news you need. Subscribe now to our engaging new weekly digest.
  • You’ll receive exclusive, never-before-seen-content, distilled and delivered to your inbox every weekend.
  • The Weekender: Succinct, solutions-focused, and designed with the discerning reader in mind.
Subscribe

“Business and environmental groups alike have taken issue with the slow pace the Prime Minister has set for overhauling his government’s climate change plans, but Mr. Trudeau’s speech did not indicate a desire to move any faster,” the Globe says. “During last year’s campaign, the Liberals acknowledged they didn’t have the full plan for reaching net-zero emissions by 2050, saying they first needed to win the election. More than four months after their re-election, they are just starting to decide on the consultation framework that will lead to an updated climate plan.”

More recently, Environment Minister Jonathan Wilkinson “acknowledged the mounting pressure on his government to provide more information on climate policy so businesses can adequately plan. But he said the consultations for the new climate plan will only start by the summer and likely continue into next year.”

During his speech, Trudeau name-checked BlackRock CEO Larry Fink, who made it clear in January that his mammoth investment management business will give climate risk and fossil divestment greater prominence in its decisions. “Larry acknowledged that climate change is fundamentally reshaping finance, just as it is causing companies, sectors, and entire countries to reassess their core assumptions about what tomorrow holds,” Trudeau told the mining executives. “Our government recognizes that moving towards a low-carbon economy is a big adjustment for many industries, including yours. This transformation won’t happen overnight.”

Three days before the speech, the Commons finance committee issued a report that included action on sustainable finance as a key pre-budget recommendation, the Globe adds. “The committee called on the government to act on recommendations from last year’s Expert Panel on Sustainable Finance, led by former Bank of Canada deputy governor Tiff Macklem,” which “urged the federal government to establish that the fiduciary duty of money managers to their clients includes a review of climate change risks. It also called for climate change factors to be incorporated into the regulation of Canada’s financial system.”

In its own open letter Monday, the Canadian Chamber of Commerce urged Finance Minister Bill Morneau to “use the coming budget to outline a balance between climate policy and economic development,” the Globe states.

While Mining Association of Canada President Pierre Gratton said Trudeau’s speech this week sent a “positive message” to his industry, PDAC President Felix Lee called the federal government’s climate goals “quite aggressive”, adding: “You might argue that perhaps we’re charging along too quickly.”

MP and House Finance Committee member Julie Dzerowicz (L-Davenport) told the Globe that sustainable finance was the most important of the committee’s pre-budget recommendations. “I think we’re very serious as a government in terms of moving to net-zero by 2050 and achieving our Paris accord targets,” she said.

During his PDAC remarks, Trudeau announced a federal tax incentive covering 100% of the business cost of zero-emission off-road vehicles in use before 2024, CBC reports. 

“A thriving mining industry and a thriving natural resource sector don’t have to be impediments to fighting climate change,” the PM said. “To produce high-density batteries and wind turbines, you need copper, nickel, and cobalt,” he added. “To build a solar panel, you need 19 metals and minerals. Canada is home to 14 of them.”



in Canada, Community Climate Finance, COP Conferences, Ending Emissions, Energy Politics, Supply Chains & Consumption

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

Martin Davis/Facebook
Carbon Levels & Measurement

13 Canadian Fossils Linked to Massive Losses in Western Wildfires

May 29, 2023
391
Neal Alderson/Twitter
Drought & Wildfires

Out-of-Control Wildfire Burns Homes, Forces Evacuations Outside Halifax

May 29, 2023
2.2k
York Region/flickr
Heat & Temperature

Hamilton Plans Heat Bylaw for Rental Housing

May 29, 2023
278

Comments 2

  1. Linda Keays says:
    2 years ago

    I want to be consulted on Trudeau’s decimation of our primary resources. This will impoverish Canadians while allowing China and Russia to rise since they eschew these political adventures.

    Reply
  2. Linda Keays says:
    2 years ago

    So, you only want comment that agrees with you? No debate or other opinions outside your agenda allowed? You are a propaganda site. Abysmal. Prove me wrong.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

Neal Alderson/Twitter

Out-of-Control Wildfire Burns Homes, Forces Evacuations Outside Halifax

May 29, 2023
2.2k
Crenaissanceman/wikimedia commons

Electric School Buses Boost School Attendance, Deliver Emergency Power

May 7, 2023
369
Martin Davis/Facebook

13 Canadian Fossils Linked to Massive Losses in Western Wildfires

May 29, 2023
391
York Region/flickr

Hamilton Plans Heat Bylaw for Rental Housing

May 29, 2023
278

U.S. Megadrought Brings Private Water Brokers Into Focus

May 28, 2023
67
Sol y Playa condo, Rincón, Puerto Rico

Storms, Sea Level Rise Intensify Conflicts Over Public Beach Access

May 29, 2023
66

Recent Posts

Jörg Möller/Pixabay

UK Traffic Calming Strategy Produces Solid Results, Manufactured Anxiety

May 29, 2023
71

Waste Heat from Quebec Data Centre to Grow 80,000 Tonnes of Veggies Per Year

May 29, 2023
104
kpgolfpro/Pixabay

Community Wind Farm Earns Support, Generates Income in German Village

May 29, 2023
61
Pexels/pixabay

Engineers Replace Sand in Concrete with Disposable Diapers

May 30, 2023
51
FMSC/Flickr

Waive Debt to Unlock Urgently Needed Adaptation Funds, Researchers Urge

May 27, 2023
33
Arctic Circle/flickr

‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair

May 23, 2023
413
Next Post
Karsten Würth (@inf1783)/wikimedia commons

Drawdown’s Latest ‘Tools of Possibility’ Show Path to 1.5°C, with 1,570 Billion Tons of Emission Cuts by 2050

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}