Canadian Steel Producers Ready to Partner on Climate Change
The Canadian Steel Producers Association has welcomed the opportunities laid out in the Government of Canada’s climate plan: A Healthy Environment and a
The Canadian Steel Producers Association has welcomed the opportunities laid out in the Government of Canada’s climate plan: A Healthy Environment and a Healthy Economy. The federal strategy is well aligned with the CSPA’s own Climate Call to Action announced in March, 2020. CSPA President Ms Catherine Cobden said “Earlier this year, we outlined our plan for moving forward on climate change, including the need for a deep partnership with the federal government. In their plan released today, we can see that the federal government was listening. The federal government is sending an important signal that we are not alone in this incredibly challenging transition. As a heavy industry, we need a range of solutions and we see that many options are on the table in today’s plan.”
The Canadian Steel Producers Association points out, however, that timing is urgent to advance these solutions. As time passes, the carbon price will escalate placing a significant burden and urgency on heavy industries to transform. The CSPA will continue to work with the federal government to seek ways to move ahead in a manner that allows the technology to advance and ensures the Producers’ competitiveness is preserved.
The key elements of today’s plan of significant interest to the CSPA include:
Create a Net-Zero Accelerator Fund to expedite decarbonization projects of large emitters
Provide funding to support strategic R & D
Support the greening of Canada’s electricity generation across the country
Develop supply chains to locally source low emission building material
Explore the potential of border carbon adjustments to ensure a level playing field with other competing jurisdictions
Support for a hydrogen strategy as a future energy source for Canada.