Researcher says net-zero transition in Atlantic Canada will be costly
Global News
The president and CEO of the Atlantic Provinces Economic Council says to remain on track, governments, businesses and homeowners will need to make big investments.
A Halifax-based think tank says the race to zero emissions by 2050 will come at a financial cost.
The president and CEO of the Atlantic Provinces Economic Council says to remain on track, governments, businesses and homeowners will need to make big investments.
David Chaundy wants the government to be open and honest with Canadians when considering the shift needed to get rid of greenhouse gas emissions within 30 years.
“We have to realize that’s going to affect our whole way of life, the way we heat our homes,” Chaundy says. “I have an oil furnace — that will have to change. I’m driving a gasoline-powered vehicle — that is going to have to change.”
He says these changes will have an impact on your wallet.
“I need to invest in solar panels or a heat pump,” he says. “I need to invest in an electric vehicle at some point.”
Chaundy also says governments need to monitor emissions closely to ensure Atlantic provinces are on track.
The Sierra Club Canada Foundation also wants to see more frequent updates and less reliance on self-reporting from emitters.