Ontario rolls out Green Bonds, and incentives for Green Vehicles, Retrofitting, and Cleantech

A series of press releases from the Ontario government signal the determination of the province to move towards a low-carbon economy. On February 2, 2016 Ontario announced its second green bond issue, raising $750 million to finance low-carbon infrastructure projects. On February 10,2016  new incentives for green vehicles were announced . The February 12 announcement of $92 million for social housing retrofits received favourable reaction  from Blue Green Canada, and the Heat and Frost Insulators Local 95 said “ Smart initiatives like the one announced today are proof that improving the environment and creating skilled jobs go hand in hand.” Finally, on February 17, Ontario announced a $74 million cleantech innovation initiative, to encourage large industrial plants to adopt leading-edge technologies, and $25 million in a Green Smart energy efficiency program for small and medium-sized businesses. Details of the new cap and trade program are promised within weeks.

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