Canada's new climate plan to be unveiled at US summit
Justin Trudeau is looking forward to working with Joe Biden, and Canadians are preparing for the innovations.
The Canadian government this time announced an ambitious new goal: to reduce greenhouse gas emissions by 40% by 2030. Such a statement exceeds the goal of the previous waste reduction plan by 10%. And Canada has only managed to reduce its emissions by 1% over the past 15 years. And while this announcement has more to do with White House pressure, Justin Trudeau is betting big on US President Joe Biden's climate agenda.
Canadian companies are hoping to get new contracts and injections into the economy, and while the plan is still before Congress, it is already beginning the necessary course correction.
The project budget is $2 trillion USD, of which $174 billion is allocated for the development of electric vehicles market and $1 billion for the reconstruction of the U.S. electric grid.
Implementing such a plan would set a clean energy standard that energy companies must meet. This could mean new sales for Canadian hydropower and alternative energy companies.
On top of that, the development of the electric car market will have a positive impact on Quebec's program. The province plans to put 1.5 million electric cars on the road by 2030.
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