A climate-change strategy has been introduced by the Saskatchewan government, and it is one that does not include a carbon tax.
Speaking to reporters Monday morning, Environment Minister Dustin Duncan says “”Our climate change strategy recognizes the investment and innovation that has taken place and sets out the road map for future actions. This is about protecting our people and communities as much as it is about working with industry and others to reduce emissions here in Saskatchewan.”
The plan also gives industry “flexible compliance options” that include purchasing carbon offsets and improving facilities to reduce emissions intensity.
Industry can also pay into a technology fund.
Duncan says agricultural producers won’t have to meet any standard, but can participate in the offset program.
“This plan is broader and bolder than a single policy such as a carbon tax and will achieve better and more meaningful outcomes over the long term.”
The climate change strategy includes developing and implementing sector-specific output-based performance standards on large emitting facilities, such as those in oil and gas, and mining. These standards will be developed in consultation with industry throughout 2018 and will recognize actions already taken by industry to reduce emissions.
Flexible compliance options for industry will be developed that will include:
- Making improvements at facilities to reduce emissions intensity;
- Purchasing a carbon offset, representing a reduction in GHG emissions;
- Using best performance credits;
- Utilizing a market mechanism outlined in the Paris Accord, such as an internationally transferred mitigation outcome; and
- Paying into a technology fund
The planned implementation date of this strategy is January 1, 2019.