Across the country, Canadians are working hard to build a new, clean economy, for themselves and for their children and grandchildren.
Canadians understand that a clean environment and a strong economy go hand in hand. Our Government agrees. This is why our Government announced in Budget 2017 an investment of $21.9 billion, over 11 years, to support green infrastructure and initiatives that will support the implementation of the Pan-Canadian Framework on Clean Growth and Climate Change., which was announced in 2016 in Vancouver. This investment will prioritize projects that:
- Reduce our greenhouse emissions;
- Help deliver clean air and safe water systems;
- Promote renewable sources of power.
We also recognize that global markets are changing. Industries are turning to cleaner and more sustainable option and leaving behind products and services that create carbon pollution. Canada has an opportunity to create a world-leading clean economy, and Vancouver is an integral part of that initiative. As well as funding projects by municipalities to further sustainability goals, we are also investing in green technology innovation – bridging the efforts between the public and private sectors to meet Canada’s goals in reducing emissions and protecting the environment for future generations.
Advancing local sustainability initiatives
Through the Green Municipal Fund (GMF), our Government is providing funding for municipal environmental initiatives that improve air, water, and soil, and reduce greenhouse gas emissions. GMF funding is available to all Canadian municipal governments and their partners for eligible projects.
The City of Vancouver is receiving a $750,000 grant and a $5,000,000 loan from the GMF to convert a second vehicle lane into a bicycle lane on the Burrard Street Bridge, reducing GHG emissions by an estimated 235 tonnes of CO2 equivalent a year by 2022.
This bridge, one of the oldest and busiest in Metro Vancouver, crosses False Creek, connecting the high-density downtown core with medium-density neighbourhoods to the south. Pedestrians and cyclists currently make about 10,000 trips a day over the bridge. Once the conversion is completed, the bridge will accommodate two bicycle lanes, two sidewalks and four vehicle lanes.
As a result of this initiative, the number of pedestrians and cyclists using the bridge is expected to increase to 11,000 a day over the next five years (summer volumes) and vehicle-related greenhouse gas (GHG) emissions are expected to decline.
The project will work towards encouraging more people to adopt non-vehicle modes of travel to and from downtown Vancouver by providing sufficient space for cyclists and pedestrians to comfortably and safely cross the bridge. This is in line with the City’s stated transportation goal that 55 per cent of trips in 2020 be made by walking, cycling and transit, up from 40 per cent in 2008.
Clean Tech advantage
The global market for clean tech is expected to surpass $1 trillion per year and Canadian companies should become global leaders. This means there is massive opportunity for Canadian employment growth, including in Vancouver, which is positioned as a tech sector leader, and in British Columbia, an emerging global leader in green tech innovation.
Investing in clean technology will help Canada reduce carbon pollution while creating good, well-paying jobs for the middle class in communities across Canada, including nearby in Burnaby, where the Automotive Fuel Cell Cooperation (AFCC) has received a $10-million non-repayable contribution for developing new fuel cell modules to be used in automotive applications.
Vancouver-based Canfor Pulp Products Inc., a leading global producer of premium pulp and paper products is also one of North America’s largest green energy producers. A $13-million non-repayable contribution through Sustainable Development Canada will enable Canfor to further develop and demonstrate a technology that will take what is a currently a waste product from its production processes and develop it into a low-cost biofuels product.
“Our government is proud to support Canadian clean tech and advanced manufacturing companies like AFCC and Canfor. Through innovation, these two firms will make great advances in energy efficiency, leading to lower carbon emissions, healthier communities and a cleaner environment. Our government will continue to work with partners to invest in clean technologies that lead to better jobs, better opportunities and a better living standard for the middle class.”Hon. Navdeep BainsMinister of Innovation, Science, and Economic Development
Through these investments, Canada has positioned itself as a global leader in clean growth, illustrating to the world that a clean environment and a strong economy can go hand in hand.