Climate change plans
The Province of New Brunswick has engaged in the production of yearly “Climate Change Action Reports” since 2007, calling for cooperation with industry to reduce provincial GHG emissions and to improve sustainability. Under New Brunswick’s Electricity Act, the Renewable Portfolio Standard requires that the provincial power authority secure 40% of its energy acquired within the province from renewable sources by 2020. The province’s 2014 Climate Change Action Plan [PDF] also notes that the province will seek to work with “high emission industries, including the oil and gas sector” to require and harmonize reporting of greenhouse gas emissions data.
In December 2017, the province introduced legislation adopting the federal government’s intensity targets for large industrial emitters. Under the new legislation, there will be no direct carbon tax on consumers; rather, the government will redirect 2.33 cents per litre of existing taxes on gasoline and 2.76 cents per litre of existing taxes on diesel fuel to programs that combat climate change. These redirected taxes will support a Climate Change Fund that is expected to amount to about $37 million in its first year.