Rachel Notley’s NDP makes $1.4-billion Climate Change decision

in Canada by

The Alberta NDP government announced a $1.4-billion plan towards climate change over seven years.

The plan is to reduce greenhouse gas emissions through innovation and technology.

Where will the money be spent?

Via Calgary Herald:

The biggest chunk of the funding, which will be doled out over seven years, sees $440 million earmarked for oilsands projects that will help companies increase production while reducing emissions.

The new fund will also see $225 million available across sectors for projects that support climate change technology, $240 million for industrial energy-efficiency measures, $63 million for bioenergy, and $400 million in loan guarantees to support efficiency and renewable-energy measures.

Most of the funds will come from increased Carbon Tax every year.