Canada pledges $17.6 billion in federal budget to fight climate change
April 20, 2021 By Canadian Biomass Magazine
The federal government has promised $17.6 billion in its 2021 budget for Canada to transition toward a low-carbon economy.
The government pledged to exceed climate change targets by 2030 by reducing emissions by 36 per cent below levels in 2005. A total of $319 million will be provided to Natural Resources Canada over seven years to fund research and development of carbon capture technology. Additionally, it will receive $1.5 billion over five years to create a “clean fuels fund.”
The budget was criticized in some circles, with suggestions that Canada wasn’t meeting the right level of transformative change necessary to become a climate leader.
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