A handful of cities and provinces in Ontario, Canada have committed to move at least some public money away from coal to renewables, a move that could potentially save them more than $150 million in fuel costs, research by New York University has found.
The National Clean Energy Plan, published in January 2016 by the federal government, calls for buying up about eight billion tons of Canadian emissions, or 80 percent, over the next 40 years. If it is enforced, the plan would amount to less than $150 million in fuel savings, the report found.
The net-zero goal, or the difference between the gas consumed by utilities and the energy used to power them, would bring in an extra $137 million, it says.
It may, however, be difficult to achieve with current economic conditions, as other provinces and countries spend billions of dollars to finance nuclear power plants or social welfare agencies to restore health in the wake of “global warming” caused by climate change.
Says New York University in its Environmental Policy Research Office: “There is something of a catch. The National Clean Energy Plan is very explicitly focusing on clean technologies, while implementing far less-than-engaged green alternatives.”
“If there’s any doubt that Canada will have to rely on coal for much of the future, this report should dispel it. In fact, it’s hard to not buy that climate change is man-made.”
The Environmental Protection Agency estimates that using coal might reduce emissions from transport about 25 percent. Using natural gas-fired power plants, it could cut them about 70 percent.
On Wednesday, the country will hold a summit to consider the multi-billion dollar campaign to clean up its climate policy.