Canada: big investments in green transports
Canada’s government is planning to establish a growth fund to attract substantial private sector investment to reduce emissions. The budget includes funds for a number of projects particularly for road transport, which accounts for 20% of country’s greenhouse gas emissions.
Over the next five years, CAD 1.7 billion (EUR 1.23 billion) will be invested in extending the incentives for zero-emission vehicles programme to help more Canadians acquire zero-emission vehicles.
A CAD 547.5 million (EUR 398 million) investment is planned for a new purchase incentive programme for medium- and heavy-duty ZEVs to help businesses upgrade their fleets. Furthermore, a national network of electric vehicle charging stations will be built over the next five years. (ben)