Canadian technology can help in the battle against greenhouse gases. Trudeau needs to act now

As Canadians debate whether the recent federal elections have really changed anything, the new Trudeau administration must act quickly to deliver on its promises on climate change while boosting the green economy.

It’s time to get down to business and start putting your words into practice when it comes to creating jobs and reducing carbon emissions through new technologies.

The climate change platform boards that we saw in the elections were varied and at times creative, often containing new ideas that take advantage of emerging technologies, hydrogen deployment, popular sentiment, and even the need to raise a lot of money for launch a green economy.

For example, him Liberals have been promoting the benefits of continuous flow stocks, a federal tax incentive program that has successfully enabled the private sector to invest billions of dollars in investments to build the mining and oil and gas sectors, making Canada a world leader in these industries. The Conservatives also felt this was a worthy electoral promise and pledged to flow through actions in their plan.

The Trudeau team actually included these expanded fiscal measures in its budget in April. Now that the distractions of planning and fighting an election are over, the hard work can be done. The economy demands it. The environment needs it.

Those flowing dollars would feed directly into the development of the green economy, creating green jobs and helping to “green” the emissions profile of this country.

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Opening the door to this kind of money by distributing attractive tax incentives to investors has already proven to be a great catalyst for job creation in towns and cities across Canada’s vast landscape that might not have otherwise been able to. attract lucrative jobs in mining, oil and industry. gas sectors.

The targeted liberal platform net zero emissions, but the target date is decades away: it pledges to cut greenhouse gases by as much as 45 percent by 2030 and reach net zero by 2050.

The prime minister would do himself, and the world, a favor by recognizing the immediate and dramatic reductions in carbon emissions that can be achieved by focusing on the transportation sector.

Transportation accounts for approximately 25% of carbon emissions in Canada and the U.S An estimated 1 billion diesel engines are used worldwide. It is an attractive target for reducing emissions from any measure. Canada should promote the commercialization of new technologies to reduce emissions from diesel engines. Sometimes ripe fruit is worth grabbing.

Of course, the world is moving toward an eventual launch of affordable battery-powered long-haul vehicles, not to mention heavy-duty vehicles used for mining and construction. But we are not there yet technologically, nor in terms of affordability and viability in North America.

Meanwhile, there are effective emission reduction technologies available to governments and private companies involved in shipping, trucking, mining, and other industries – technologies that can reduce the deadliest and most harmful greenhouse gases.

Waiting for new technologies and the billions of dollars required to implement them in a meaningful way will take years, years that should no longer be wasted.

Using effective Canadian technology in the battle against greenhouse gases is good for housework, good for the environment, and good public policy. And acting now can make a difference.

When it comes to reducing greenhouse gases, Canadians deserve timelines, specific short-term reduction targets, and even more creative thinking to tap into the large pools of investment capital and technology that can drive pollution solutions quickly.

Short-term thinking is sometimes required, especially when immediate action can help avoid the climate crisis.

James Murray Payne is President and CEO of dynaCERT Inc., a Toronto-based carbon reduction technology company with worldwide sales.