Saskatchewan is taking a proactive approach to reducing emissions by investing over $25 million into 13 emissions reduction projects. This decision comes as the province continues to reject the implementation of a carbon tax.
The projects, which are being funded through the province’s Technology Innovation and Emissions Reduction (TIER) fund, aim to reduce greenhouse gas emissions in various industries such as agriculture, oil and gas, and transportation.
One of the projects receiving funding is a carbon capture and storage project at the Boundary Dam Power Station. This project is expected to reduce emissions by 1.2 million tonnes per year, making it the largest carbon capture and storage project in the world.
Other projects include the development of a hydrogen production facility, the implementation of energy-efficient technologies in the agriculture sector, and the expansion of a renewable natural gas facility.
According to the Saskatchewan government, these projects will not only reduce emissions but also create jobs and stimulate economic growth in the province.
Premier Scott Moe stated, “We are committed to taking action on climate change while also supporting our economy and creating jobs for Saskatchewan people. These projects will help us achieve both of these goals.”
The TIER fund, which was established in 2019, collects a levy from large emitters in the province and reinvests it into emissions reduction projects. The fund has already invested over $100 million into various projects since its inception.
Saskatchewan’s decision to invest in emissions reduction projects instead of implementing a carbon tax has been met with mixed reactions. While some applaud the province’s efforts to reduce emissions without burdening taxpayers, others argue that a carbon tax is necessary to effectively combat climate change.
Despite the differing opinions, it is clear that Saskatchewan is taking steps towards reducing emissions and addressing climate change. With the TIER fund in place, the province is able to invest in innovative projects that will have a significant impact on reducing greenhouse gas emissions.
As the world continues to face the challenges of climate change, it is encouraging to see provinces like Saskatchewan taking action and investing in a greener future.
