The Canadian government has unveiled a new plan to reach net-zero emissions by 2050. The new regulation would force the federal government to create interim emissions reduction targets every five years until 2050. In addition, the bill will create an outside advisory board that would provide advice to the government on settings targets and the best sectoral strategies for achieving net-zero. The text is yet to be approved by the parliament.
Previously, the country targeted an 80% reduction in GHG emissions by 2050 compared to 2005 levels. The country submitted its NDC (Nationally Determined Contribution) in 2015, announcing a GHG reduction target of 30% in 2030 compared to 2005 levels. Compared to 1990 emission levels, the NDC target implies significant additional abatement policies. The fastest-growing source of emissions in Canada is the exploitation of oil sands.
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