Ontario will spend up to $8.3B to fight climate change, offer incentives

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International Wastewater Systems Ltd. (IWS: CSE) has developed a technology for recovering wastewater heat and convert it into energy. This Canadian based company is now installing its different systems all over the world and as of now have an order book of more than $80 million. As people around the world are experiencing the increasing consequences caused by climate change, alternative energy sources are becoming more than a trend across the world but rather a necessity for a healthier future. Recently, the city of Vancouver has committed to generate 100% of its energy from renewable sources before 2050 and will work with IWS to reduce the demand for new energy and in turn reduce carbon emissions. IWS’ SHARC system reduce CO2 and GHG emissions while providing energy savings and primary energy cost reduction of 30-85%. This considerable reduction in cost could be highly advantageous for multi-unit residential, commercial buildings and district energy systems. With Ontario recently announcing an $8.3$ billion climate change plan with initiatives that include a focus on encouraging building to switch to more energy-efficient heating systems, IWS can expect a surge in the demand of its products.

– Momentum Public Relations –

Ontario will spend up to $8.3B to fight climate change, offer incentives

Keith Leslie – The Canadian Press


Ontario’s action plan on climate change will include financial incentives to get cleaner, more efficient cars and trucks

on the roads and to convince homeowners and businesses to lower their carbon footprints, The Canadian Press has learned.

The plan, scheduled to be released on Wednesday, calls for government spending of $5.9 billion to $8.3 billion on climate change initiatives over the next five years.

The money would come from the $1.9 billion the Liberal government expects to raise each year by auctioning off pollution emission credits when Ontario joins a cap-and-trade market with Quebec and California next January.

Environment and Climate Change Minister Glen Murray said Tuesday that the government’s plan will add about $5 a month to home heating bills and 4.3 cents a litre to the price of gasoline.

The province opted not to impose a zero-emissions vehicle mandate, which means it won’t impose penalties on automakers that don’t produce enough electric and hybrid cars.

Instead, Ontario will continue to offer rebates of up to $14,000 for electric vehicles, including up to $1,000 for installing a home charging station, and will provide free overnight charging for residential customers for four years, starting in 2017.

“The final release of the document will give you a sense of how invested we are in making those cars very cost competitive, and equal to or lower than conventional technology (cars) at the point of sale,” said Murray.

“There’s a whole bunch of popularly priced vehicles right now, and we’ll be doing some things to make fuelling them inexpensive as well.

Read more at: http://www.cbc.ca/news/canada/toronto/ontario-will-spend-up-to-8-3b-to-fight-climate-change-offer-incentives-1.3620924

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