Ottawa, March 25, 2021 — The Canadian Renewable Energy Association (CanREA) is pleased that the Supreme Court of Canada today confirmed the constitutionality of the Federal Carbon Pricing Law.
“A price on carbon pollution must be the cornerstone of any serious plan to meet Canada’s commitment to net zero greenhouse gas emissions by 2050,” said Robert Hornung, CanREA President and CEO.
The Federal Government can now proceed with its plans to transparently and steadily increase the carbon price to $170 per tonne by 2030, Hornung noted. This will provide flexibility to provinces with respect to implementation, while also providing certainty to investors, and sending a market signal that will inform investment decisions in the electricity sector and throughout the economy.
“Meeting Canada’s net-zero greenhouse-gas emissions target will require us to accelerate our transition to a non-emitting electricity grid, while expanding electricity production to assist in the decarbonization of Canada’s transportation, buildings and industry,” said Hornung.
“To support this objective,” Hornung continued, “the implementation of the Federal Carbon Price must ensure that all existing, and new, fossil-fuel-fired electricity generation will face increasing, and ultimately full, exposure to the carbon price over time.”
The Canadian Renewable Energy Association will continue to work with federal and provincial governments to ensure that wind energy, solar energy and energy storage deliver on their potential to play a key role in Canada’s transition to a net-zero economy by 2050.
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Quotes
“A price on carbon pollution must be the cornerstone of any serious plan to meet Canada’s commitment to net zero greenhouse gas emissions by 2050,”
“Meeting Canada’s net-zero greenhouse-gas emissions target will require Canada to accelerate its transition to a non-emitting electricity grid while expanding electricity production to assist in the decarbonization of Canada’s transportation, buildings and industry.”
“The implementation of the Federal Carbon Price must ensure that all existing, and new, fossil-fuel-fired electricity generation will face increasing, and ultimately full, exposure to the carbon price over time.”
—Robert Hornung, President and CEO, Canadian Renewable Energy Association
About the Canadian Renewable Energy Association (CanREA)
The Canadian Renewable Energy Association is the voice for wind energy, solar energy and energy storage solutions that will power Canada’s energy future. We work to create the conditions for a modern energy system through stakeholder advocacy and public engagement. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions for Canada’s energy needs. Our vision is to ensure wind energy, solar energy and energy storage play a central role in transforming Canada’s energy mix.
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For more information or for interview opportunities, please contact:
Bridget Wayland, Communications Director
Canadian Renewable Energy Association
613-227-5378
communications@renewablesassociation.ca
