May 12, 2022
The Government of BC introduced a budget with several cleantech connections, including:
- $651 million to support clean transportation, energy-efficient buildings, and support for communities in managing the transition to a low-carbon economy.
- $25 million to support clean energy and technology investments, as well as partnership opportunities with the federal government pertaining to CleanBC objectives.
- A new $500 million strategic investment fund to invest in clean energy and technology education and development.
Meanwhile, the Government of Canada released the 2030 Emissions Reduction Plan: Canada’s Next Steps to Clean Air and a Strong Economy. This included an announcement of $9.1 billion to enhance incentives for zero-emission vehicles, support tax breaks to encourage carbon capture in the oil and gas industry, and to help make Canada’s electricity grid cleaner in an effort to reduce carbon emissions by 40% by 2030.
And the United Nations Environment Assembly adopted a global agreement to reduce plastic pollution. Nearly 200 nations endorsed the historic resolution at the UN Environment Assembly to end plastic pollution, and committed to creating an international, legally binding agreement by the end of 2024.