• Canada

 

  • In Canada the government has invested more than $10 billion in green infrastructure, energy efficiency, clean energy technologies, cleaner fuels and smarter grids. Examples of these investments include[1]:

 

$915 million through Sustainable Development Technology Canada’s Sustainable Development Tech Fund towards the development and demonstration of clean technology products such as electrical vehicle charging stations and wind hybrid power plants

$1.4 billion through the ecoENERGY for Renewable Power initiative to encourage the generation of electricity from renewable energy sources such as wind, low-impact hydro, biomass, photovoltaic and geothermal energy

More than $580 million towards carbon capture and storage research, development and demonstration initiatives

 

  • Globally

 

  • The Intergovernmental Panel on Climate Change (IPPC, 2011) has supported the development of GHG reductions targets aimed at stabilizing the global atmospheric concentration of CO2 below 450 parts per million (PPM) by 2050[2]. Global PPM 397.64 (Sept, 2015) with an average annual increase of 2.1 PPM per year since 2005[3]

 

  • Globally, countries such as US, China, countries in the European Union, South Korea, Japan are committed to reducing GHG emissions by using forest biomass and other forms of renewable energy as a substitute for fossil fuels in order to meet emission reduction objectives

 

  • US: On August 3, 2015, President Obama and EPA announced the Clean Power Plan – a historic and important step in reducing carbon pollution from power plants that takes real action on climate change[4]. The Clean Power Plan will cut US carbon pollution from the power sector by 870 million tons, or 32% below 205 levels, by 2030

 

  • China: China will aim to cut its greenhouse gas emissions per unit of gross domestic product by 60-65% from 2005 levels and increase their share of non-fossil fuels as part of its primary energy consumption to about 20% by 2030[5]

 

  • EU: In 2020, emissions from sectors covered by the EU ETS will be 21% lower than in 2005. By 2030, the Commission proposes, they would be 43% lower[6]

 

  • Japan: Japan will slash greenhouse gas emissions by 26 percent by 2030 from 2013 levels [7]

 

  • South Korea: In 2012 South Korea became the first country in Asia to pass legislation introducing a national greenhouse gas emissions trading scheme (ETS). The ETS came into force in 2015 and is designed to help the country reduce emissions by 30% by 2020[8]

 

  • [1] http://www.climatechange.gc.ca/default.asp?lang=En&n=72F16A84-1#X-201409191349371
  • [2] http://www.mern.gouv.qc.ca/english/publications/forest/forest-biomass.pdf
  • [3] http://co2now.org/
  • [4] http://www2.epa.gov/cleanpowerplan
  • [5] http://www.theguardian.com/environment/2015/jun/30/china-carbon-emissions-2030-premier-li-keqiang-un-paris-climate-change-summit
  • [6] http://ec.europa.eu/clima/policies/ets/index_en.htm
  • [7] http://www.japantimes.co.jp/news/2015/07/17/national/japan-sets-26-percent-cut-in-greenhouse-gas-emissions-as-2030-target/#.VjP7Z6JRZVw
  • [8] https://www.pwc.com/gx/en/sustainability/publications/assets/pwc-emmisions-trading-south-korea.pdf

 

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