To put British Columbia on a path to a cleaner, better future, Budget 2019 invests $902 million over three years for CleanBC programming – making B.C. the leader in Canada in tackling climate change and protecting B.C.’s clean air, land and water.
The CleanBC programs in Budget 2019 will help B.C. achieve its target to lower carbon pollution by 18.9 megatonnes by 2030 with $354 million in operating funding, $299 million for programs in development and $26 million in capital investments to help people and businesses reduce pollution.
Additionally, Budget 2019 invests a further $223 million over three years to increase the climate action tax credit in 2019, 2020 and 2021. Effective July 1, 2019, the maximum annual climate action tax credit will be increased by 14% for adults and children, meaning low- and middle-income families of four will receive up to $400 this year. As a result of the annual increases, the climate action tax credit amounts on July 1, 2021 will be almost 70% higher than on July 1, 2017.
The B.C. government undertook consultations with the BC Green Party caucus on Budget 2019, as committed to in the Confidence and Supply Agreement. The government is particularly appreciative of the BC Green Party caucus’s partnership in the development of CleanBC and the program reflects many months of collaborative work.
The CleanBC plan is a pathway to achieve the Province’s legislated climate targets of reducing greenhouse gas (GHG) emissions by 40% by the year 2030, based on 2007 levels.
Budget 2019 funds dozens of initiatives as part of government’s CleanBC plan to tackle climate pollution, including:
- $107 million to help British Columbians switch to cleaner transportation through point-of-sale incentives; funding for new charging stations; training and research; active transportation initiatives and a new zero-emission vehicle (ZEV) standard.
- $58 million, in addition to capital funding, to make buildings more energy efficient, including incentives for homes and businesses to install high-efficiency heating equipment and building envelope improvements.
- $18 million to work with Indigenous and remote communities to move to cleaner energy sources.
- $168 million over three years to assist large industry in reducing greenhouse gas emissions through an industrial incentive and clean industry fund to make their operations cleaner.
- $3 million over three years to support the implementation and monitoring of CleanBC by the Ministry of Environment and Climate Change Strategy.
- The investments in CleanBC will provide significant incentives and savings to British Columbians, such as:
- Saving British Columbians up to $6,000 on the purchase of a zero-emission vehicle and approximately $1,500 per year in fuel costs by switching to electricity.
- Providing up to $14,000 for homeowners to switch to high-efficiency heating equipment and to make building envelope improvements. People can receive $2,000 to replace a fossil fuel (oil, propane or natural gas) heating system with an electric air-source heat pump; up to $1,000 to upgrade their windows and doors to be better insulated; and up to $700 toward a high-efficiency natural gas furnace.
- Providing a family of four up to $400 this coming year through the enhanced climate-action tax credit.
For more information on CleanBC, visit: https://cleanbc.gov.bc.ca/
For CleanBC highlights, visit: https://cleanbc.gov.bc.ca/app/uploads/sites/436/2018/12/CleanBC_Highlights_Report.pdf
A detailed list of Budget 2019 funding for programs to meet GHG targets follows: https://news.gov.bc.ca/files/6652_CleanBC_BudgetTable_Final.pdf