On December 5, 2019, the BC government released the CleanBC plan, its long-awaited update to the province's climate change strategy. The CleanBC plan establishes a pathway to achieve the province's target of reducing greenhouse gas (GHG) emissions by 40% by the year 2030 (based on 2007 levels) as set out in the Climate Change Accountability Act. In 2015, BC produced approximately 62 million tonnes of carbon dioxide equivalent (CO2e). A 40% reduction below 2007 levels (i.e. 67 megatonnes or Mt) will require a reduction of 27 Mt by 2030. In terms of emissions by sector, BC's transportation sector accounts for 37%, the oil and gas sector accounts for 22% and buildings 12%. The CleanBC plan describes and quantifies measures that will eliminate approximately 75%, or 18.9 Mt, of its 2030 target. Remaining reduction initiatives will be quantified over the next 18 to 24 months.
One of the key drivers for the CleanBC plan is to accommodate the development of the LNG sector in the province. The BC government estimates that the LNG Canada project in Kitimat could add up to 3.45 Mt of carbon emissions to the province's total. One of the conditions for LNG development in BC is that it fits within the province's climate commitments.
By McCarthy Tétrault LLP, Mondaq