The B.C. government has set new greenhouse gas emissions reductions targets for four broad sectors of the economy: transportation, oil and gas, industry, and buildings and communities.
The government has ambitious emission reductions targets that calls for a 40% reduction in the province’s GHG emissions by 2030 (with 2007 as the benchmark), 60% by 2040 and 80% by 2050.
When those targets were originally set, the government did not specify where exactly it expects the reductions to come from. The government today released sectoral targets that sets those expectations.
The goal is to achieve the following reductions, below 2007 levels, by 2030:
transportation – 27% to 32%;
industry – 38% to 43%;
oil and gas – 33% to 38%; and
buildings and communities – 59% to 64%
The government also announced funding to help those sectors achieve those reductions.
"People in British Columbia want steady progress on climate change coupled with good jobs and strong communities, supported by businesses that are reducing pollution and thriving in the global clean economy," said Environment Minister George Heyman.
“To achieve this, we are setting sectoral emission targets that will keep government accountable as we work with each sector of the economy to reduce emissions while remaining globally competitive."
Businesses and public bodies can apply to the CleanBC Industry Fund to help fund projects, like fuel switching, that reduces their emissions profile. The province is providing $33 million to 19 CleanBC Industry Fund projects.
The CleanBC Industry Fund is itself funded with carbon tax revenue.