As Canadians debate whether the recent federal election has really changed anything, the new-look Trudeau government needs to move fast to deliver on its climate change promises while firing up the green economy.
It’s time to roll up the sleeves and start putting words into action when it comes to creating jobs and reducing carbon emissions via new technologies.
The climate change platform planks we saw in the election were varied and at times creative, often containing new ideas that take advantage of emerging technologies, hydrogen deployment, popular sentiment, and even the need to raise big money to kick-start a green economy.
For example, the Liberals have been touting the benefits of flow-through shares, a federal tax incentive program that has successfully enabled the private sector to pour billions of investment dollars to build the mining and oil and gas sectors, making Canada a world leader in these industries. The Conservatives also felt this was a worthy election promise and committed to flow-through shares in their plan.
Team Trudeau actually included these expanded tax measures in its budget back in April. Now that the distractions of planning and fighting an election are over, the hard work can get done. The economy demands it. The environment needs it.
Those flow-through dollars would feed directly into developing the green economy, creating green jobs and helping to “green” the emissions profile of this country.
Opening the door to this kind of money by dangling attractive tax incentives for investors has already proven to be a huge catalyst for job creation in towns and cities across Canada’s vast landscape that might have otherwise failed to attract lucrative jobs in the mining, and oil and gas sectors.
The prime minister would do himself — and the world — a favour by recognizing the immediate and dramatic reductions in carbon emissions attainable by focusing on the transportation sector.
Opinion: The prime minister would do himself — and the world — a favour by recognizing the immediate and dramatic reductions in carbon emissions attainable by focusing on the transportation sector, writes Jim Payne of @dynaCERT. #CleanTech
Transportation accounts for approximately 25 per cent of carbon emissions in Canada and the U.S. There are an estimated one billion diesel engines being used worldwide. It’s an attractive target for emissions reduction by any measure. Canada must foster the commercialization of new technologies to reduce emissions in diesel engines. Sometimes the low-hanging fruit is worth grabbing.
Of course, the world is moving towards an eventual rollout of affordable long-haul transportation vehicles that run on batteries, not to mention heavy-duty vehicles used for mining and construction. But we are not there yet technologically, nor in terms of affordability and feasibility in North America.
In the meantime, there are effective emissions-reduction technologies available to governments and private companies involved in shipping, trucking, mining, and other industries — technologies that can slash the deadliest and most damaging of the greenhouse gases.
Waiting for new technologies and the billions of dollars required to deploy them in a meaningful way will take years — years that should no longer be wasted.
Utilizing effective Canadian tech in the battle against greenhouse gases is good for domestic jobs, good for the environment, and good public policy. And acting now can make a difference.
When it comes to reducing greenhouse gases, Canadians deserve timetables, specific short-term reduction targets, and even more creative thinking to harness the large pools of investment capital and technology that can move the solutions to pollution quickly.
Sometimes short-term thinking is required, especially when immediate action can help stave off the climate crisis.
James Murray Payne is president and CEO of dynaCERT Inc., a carbon emissions-reduction technology company based in Toronto with sales worldwide.