Large emittersLarge emitters will have no other choice than to accelerate the pace in GHG reduction as carbon price will increase.
You bet that they all have applied to all they could qualify under the recent Zero Net Emission program.
Government of Canada releases new federal climate plan
the Plan claims it will “do more to cut pollution in a practical and affordable way than any other climate plan in Canada’s history”1, including to exceed Canada’s 2030 emissions reduction target under the Paris Agreement and achieve net-zero emissions by 2050. The federal backstop carbon price will increase by $15 per tonne starting in 2023 and reach $170 per tonne by 2030. - Other notable elements of the Plan include: i) $2.6 billion for home efficiency retrofits, $2 billion for commercial building retrofits, and $1.5 billion for green and inclusive community buildings; ii) $1.5 billion to increase the production and use of low-carbon fuels (including hydrogen and renewable gas/diesel); iii) $964 million to advance smart renewable energy and grid modernization; iv) a Net-Zero Challenge for large emitters to reach net-zero emissions by 2050; and v) $3.16 billion to plant two billion trees over 10 years.