Mr. Alex Wood
Yes. Thanks for the question. As has been mentioned by the deputy earlier, Ontario has already made significant progress to reduce greenhouse gas emissions since 2005. Ontario’s emissions reductions, 43.7 megatonnes, surpass those of any other province or territory. In addition, Ontario has the second-lowest emissions intensity of any province in Canada, with a 42% emission intensity decrease between those same dates of 2005 and 2023, the largest improvement of the five highest-emitting provinces. Then our per capita emissions, emissions per average person, have declined by 37% since 2005, ranking us the third-lowest among provinces, behind only Quebec and Prince Edward Island. Putting that in the context of some economic comparators, while Ontario represents about 39% of Canada’s population and GDP, its 2023 emissions account for only 23% of Canada’s total emissions. To make that point even more salient, I think, Ontario is successfully growing its economy while reducing greenhouse gas emissions, so this concept of decoupling what has been a growing GDP, which has grown 34% while greenhouse gas emissions have fallen by 21.6%, is something to be pointed out. Just again, as a comparator, Canada’s overall reductions during that same time period have been 8.5% of emissions reductions. Just to tell a bit more of a story from a time-horizon perspective, despite a slight increase in 2023 from the ongoing economic rebound following COVID-19, Ontario ranks first in absolute emissions reductions, second in greenhouse gas emission intensity and third-lowest in per capita emissions in the country. These emissions reductions have been achieved through an approach that is responsive to the opportunities, challenges and circumstances of Ontario’s economy and job creators. Ontario has taken significant actions to reduce greenhouse gas emissions moving forward and build an economy that is more resilient and self-reliant. Let me review some of those actions: —establishing the Ontario Emissions Performance Standards Program and its associated funding program, the Emissions Performance Program, which provides incentives and supports to industrial facilities, making investments that lower their emissions and help make them more competitive; —investing over $24 billion in green bonds to help finance public transit initiatives, extreme weather-resistant infrastructure and energy-efficiency and conservation projects, and Ontario is currently the largest issuer of Canadian-dollar green bonds; —making gasoline cleaner and reducing emissions by requiring fuel suppliers to gradually increase renewable content, such as ethanol, in regular gasoline to 15% by 2030; —supporting the adoption and production of zero-emission vehicles to lower our transportation emissions and revolutionize our automotive sector while investing over $180 million to support the installation of public electric vehicle chargers; —undertaking the largest nuclear build-out on the continent while continuing to invest in energy-efficiency, electricity generation, storage and distribution to help Ontario achieve a more than 99% zero emission electricity by 2050; —developing a provincial carbon management framework that would accelerate the use of new technologies that reduce industry’s carbon footprint, while supporting the growth of a strong carbon management sector in the province and opening the door to new export markets and attracting investments; —launching a new round of the Hydrogen Innovation Fund, investing $30 million to unlock hydrogen’s potential to drive economic growth, create jobs and support the province’s position as a leader in the clean energy economy. The Ontario government previously invested $13.8 million in 13 projects through the Hydrogen Innovation Fund; and finally —supporting both electricity and natural gas energy-efficiency programs to help families reduce GHG emissions. In January 2025 Ontario announced a 12-year energy-efficiency framework for new and expanded electricity energy-efficiency programs, with a total budget of $10.9 billion. Ontario is committed to long-term decarbonization, and the investments noted above are helping Ontario build a competitive low-carbon economy while protecting communities and the environment. Thank you for your question again.
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