​New Brunswick proposes plan to reduce greenhouse gas emissions by industry

New Brunswick Premier Blaine Higgs. Image: Blaine Higgs/Twitter

FREDERICTON — New Brunswick is bringing forward a plan it says will reduce greenhouse gas emissions from large industrial emitters by 10 per cent by 2030.

Environment Minister Jeff Carr says the proposed output-based pricing plan is a “made in New Brunswick” alternative to the federal backstop carbon-pricing system Ottawa said it would impose last fall.

The backstop requires large industrial plants that exceed average emissions in their sectors to pay levies, while those that stay below that average can earn credits that can be sold to emitters that are above.

Carr says the federal regime puts his province at a competitive disadvantage when it comes to its neighbours and his government's plan is “fair, cost-effective, and flexible.”

Similar to Ottawa's plan, the province will set a regulatory standard for large emitters that would see them pay if they are over and earn credits if they are under — something it says will reduce greenhouse gas emissions by 420,000 tonnes by 2030.

However the New Brunswick plan will deal with individual plants as opposed to entire sectors. Carr says the government is seeking public comment on the plan until July 12 and will submit a final proposal to the federal government by the end of July.

© 2019 The Canadian Press

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.