Although the federal government’s 2010 Budget, tabled on March 4, does not allocate funding for a single major initiative to reduce greenhouse gas emissions, the budget contains the following proposals that may play a supplementary role in federal mitigation efforts:
- The amount of $100 million over the next four years for the Next Generation Renewable Power Initiative, designed to support the development and commercialization of advanced clean technology in the forestry sector;
- A streamlined environmental assessment process, under the Canadian Environmental Assessment Act, for large energy projects, particularly through a delegation of the initial responsibility for these projects from the Canadian Environmental Assessment Agency to the National Energy Board or the Canadian Nuclear Safety Commission, as applicable;
- The application of an accelerated capital cost allowance to a broader range of clean energy generation equipment, including (i) additional heat recovery equipment; and (ii) distribution equipment used in district energy systems that rely primarily on ground source heat pumps, active solar systems or heat recovery equipment;
- The amount of $18.4 million to enhance the tracking of environmental data through the Canadian Environmental Sustainability Indicators program, which includes indicators on Canada’s greenhouse gas emissions; and
- A commitment to modernize Canada’s transportation infrastructure through, among other initiatives, investments in passenger rail and ferry services.