TORONTO, Ont. — The Ontario government released the details of its Climate Change Action Plan today in an attempt to accelerate the use of clean technology to reduce greenhouse gas pollution and fight climate change in the province.
Among other things, the plan outlined how it will affect the trucking industry going forward.
The plan outlines that Ontario will invest up to $170 million over four years in a new Green Commercial Vehicle Program. The program will give incentives to eligible businesses that want to buy low-carbon commercial vehicles and technologies to reduce emissions, including electric and natural gas-powered trucks, aerodynamic devices, anti-idling devices, and electric trailer refrigeration.
The province also said in the announcement that it is investing up to $100 million over four years as it intends to work with the Ontario Trucking Association, Union Gas, Enbridge and others to establish a network of natural gas and low- or zero carbon fuelling stations. The plan is to have more natural gas powered vehicles on the road since it has a a lower carbon content than diesel and also burns cleaner, producing less local air pollution.
In addition, through the Climate Change Action Plan, Ontario plans to invest up to $100 million of cap and trade proceeds over four years. The program limits greenhouse gas pollution and reward innovative companies to promote a low-carbon economy. The cap and trade regulation takes effect on July 1, 2016 and the province expects to generate up to $1.8 billion a year in proceeds from the cap and trade program, which will be deposited into a new Greenhouse Gas Reduction Account.