February 23, 2009 2:15 PM
The proposed bill, the Green Energy Act (GEA), if passed, would help the government ensure Ontario's green economic future by:
The proposed GEA is a bold series of coordinated actions with two equally important thrusts:
The proposed GEA, and the expected regulatory changes and policies that would flow from it, include a range of measures. Among the most notable elements are:
Culture of Conservation
The proposed GEA would encourage billions of dollars in investment to help ensure Ontario's energy supply mix is one of the cleanest anywhere. The proposed legislation would also enable the government to set domestic content requirements for renewable energy projects, leading to job opportunities here at home. If passed, the legislation would also drive new economic opportunities for local communities, First Nations and Métis communities to build, own and operate their own renewable energy projects.
As the proposed legislation and its implementation move forward, ongoing consultations would be held with First Nations and Métis communities and stakeholders including business, environmentalists and municipalities.
If passed, the GEA would build on the McGuinty government's earlier initiatives on the province's power supply, including a plan to eliminate coal-fired power by 2014, the single largest climate change initiative being undertaken in Canada.
"There exists today a global race to establish the policies, attract the investment and build the foundation for the green economy that is sure to sustain future prosperity and progress. It is a race Ontario is determined to win. This proposed legislation would help Ontario become the preferred destination for green jobs, green investment and green energy."
– George Smitherman
Deputy Premier and Minister of Energy and Infrastructure