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9 Steps to help Canada become a net-zero economy

The law is now in the books. Within the next eight years, Canada must cut carbon emissions by at least forty percent below the levels from 2005. By 2050, we must reach net-zero. Everyone will need to make this happen together, from our leaders in government and every industry, to all of us. We need more concrete plans, more urgency, and many more ideas for how to make this happen. Consider the nine below and speak to your Representatives today about doing what they can.

1)

Increase renewable energy storage with 25 billion CAD

Some dirty fuel sources should be largely gone by 2030, but we can’t let ourselves face the same hurdles Europe is struggling against in replacing coal with green energy. A smart, clean grid of energy production and delivery will require investment on a massive scale over the next 10 years.

2)

End loopholes used by the largest carbon polluters

We need to demand that Canada’s biggest polluters pay more than almost nothing on their carbon taxes. The only way for our carbon tax to be effective at reducing emissions is for the loopholes to be ended.

3)

Aid workers in leaving polluting industries with annual 60 thousand CAD checks

Giving checks to all workers who quit their high paying but environmentally-damaging jobs – like in Denmark – would allow them to find new careers in our cleaner world. They need this money to quit, retrain and still support themselves while finding new work.

4)

Put carbon back into the ground with farming

Subsidies would help crops and farming methods in this valuable and healing task. We should also require a 30% or more reduction in the use of GHG-emitting nitrogen fertilizers. Canada currently spends less than 3 CAD per acre on climate-related farm programs every year.

5)

Increase our tree-planting goals by at least ten times

Canada is currently aiming to add over a billion and a half new trees by 2030, but forestry science suggests we need sixteen billion, not just to reduce carbon in the air but also to fight back against a growing trend of forest fires. We could also work harder to protect the remaining old growth forests, and allow all forests to become more wild.

6)

Provinces must stop using natural gas to power new buildings

With leverage from the Canada Mortgage and Housing Corporation, we can demand that new construction not use gas. The provinces could also offer their full support to existing structures receiving deep retrofits and heat pumps with zero-interest financing.

7)

Make all new cars electric

Current plans to do this by 2035 aren’t fast enough. We will also need many more public charging stations for these electric vehicles throughout the country – estimates suggest ten times more at least – either by direct investment in new stations or by offering total home and business rebates so that we can freely install our own chargers where they are most needed.

8)

Use the Income Tax Act to change how banks and pension funds invest

Tax-subsidized pension plans have a lot of capital that is currently not helping our transition to clean energy sources. Banks do as well, and the government can also make their interest rates dependent on if their loan records show a real desire to invest in Canada’s net-zero plans.

9)

Encourage individuals to transition their personal investments

We all need to do our part in helping Canada’s net-zero goals. You can help by moving personal investments into plans that support the clean economy.

Withdraw financial support from corporations doing nothing about the climate crisis and have Changemakers Financial help connect you to investment advisers and corporations making environmentally and socially responsible change.

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We can connect you with a socially and environmentally responsible investment advisor so you can put savings away while investing in companies dedicated to saving the planet.