Yukon Weekly

Saturday, September 24, 2022

Climate programmes may receive more funding in the federal budget

More money for climate programmes may be included in the federal budget.

Key Takeaways:

  • Minister of the Environment and Climate Change Steven Guilbeault says the federal budget may include more climate-related items.
  • Earlier this week, the federal government unveiled a new emissions-reduction plan, which includes $9.1 billion in new climate-related spending.

Environment and Climate Change Minister Steven Guilbeault says we might see more climate-related elements in the federal budget, which will be released on Thursday.

On CTV’s Question Period, Evan Solomon said it’s “fair” to speculate that new climate-change programs could be included in the budget.

“I’m not the minister of finance. I’m not sure what will be included in the budget, but it’s possible that new elements will be announced, “According to Guilbeault.

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The federal government announced a new emissions-reduction plan earlier this week, including $9.1 billion in new climate-related spending. More money for climate initiatives is “certainly something we’re talking about,” Guilbeault said, adding that it is “certainly something we’re talking about” with the finance minister.

“$9 billion is a large sum, but it does not represent everything we’ve proposed. We’ve been transitioning since 2015, and the cost is somewhere around $110 billion, “he stated.

More money for climate programmes may be included in the federal budget.
More money for climate programmes may be included in the federal budget. Image from CBC News

Ottawa has committed to reducing emissions by 40% below 2005 levels by 2030, intending to reach net-zero by 2050. However, since 2005, emissions in the oil and gas sector have increased by 20%, making Canada the only G7 country to do so.

Prime Minister Justin Trudeau pledged to impose a hard cap on oil and gas emissions at the COP26 climate conference in Glasgow last November. According to Guilbeault, it could be in position at the end of the year.

“We’re consulting provinces, territories, Indigenous leadership, companies, and other stakeholders right now,” he said.

Source: CTV News

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