Canada’s New Climate Plan Released
December 11, 2020
The Canadian government has unveiled Canada’s new Climate Plan. The plan, entitled A Healthy Environment and a Healthy Economy, aims to create 2 million green jobs and commits $15.2 billion on top of the $60 billion previously allocated to implement the Pan-Canadian Framework on Clean Growth and Climate Change.
The new plan puts a strong emphasis on the need for retrofits in terms of jobs and careers, economic recovery, more energy efficient homes and buildings, and to support long-term climate objectives.
Summary of Retrofits:
- As announced in the Fall Economic Statement, the government will invest $2.6 billion over seven years, starting in 2020-21, to provide up to 700,000 grants of up to $5,000 each to help homeowners make energy-efficient home improvements.
- The government will invest $1.5 billion over three years for green and inclusive community buildings and require that at least 10 percent of this funding be allocated to projects serving First Nations, Inuit and Métis communities.
- $2 billion will be invested in financing commercial and large-scale building retrofits, which will be repaid by energy savings costs.
- Continue to work with provincial and territorial governments to develop a new model “retrofit” code for existing buildings by 2022, with the goal of collaborating with provinces and territories to have this code in place by 2025.
- Accelerate work with provincial and territorial governments to develop and adopt increasingly stringent model building codes, with the ultimate goal of a net-zero energy ready model building code by 2030.