TORONTO —Ollie Sheldrick-Moyle, clear financial system program supervisor at Clear Power Canada, made the next assertion in response to the outcomes of the 2025 Ontario Election:
“We congratulate Premier Doug Ford on his reelection. With the specter of U.S. tariffs nonetheless looming, it’s now time for a strategic concentrate on Ontario’s financial future, rethinking the province’s place in a world financial system that’s shifting in a really completely different path than the Trump administration.
“Premier Ford has succeeded over the previous two mandates in attracting many key clear financial investments, from EV battery manufacturing to wash metal. At the same time as our neighbours are drawn right into a backward-looking concentrate on fossil fuels, a resilient Ontario is one which stays targeted on this greater prize.
“Clear electrical energy can be key to retaining and constructing on this benefit. By increasing domestically produced clear vitality, Ontario can enhance its manufacturing sectors whereas decreasing family payments and shielding customers from risky fossil gasoline worth swings.
“The social gathering’s election platform contained some constructive indicators on this entrance, together with Ontario’s first built-in vitality plan (which is able to assist Ontario put together for the bottom value and most resilient vitality transition) and a dedication to constructing new electrical energy grid connections to neighbouring jurisdictions. This follows some key investments already made in constructing a clear energy grid, together with the most important grid-scale battery storage facility within the nation.
“Whereas the federal government has laid out investments in nuclear energy to broaden non-emitting technology within the province, these initiatives will take a few years to return on-line. Ontario must get off of fossil fuels shipped throughout borders as quickly as doable, and in terms of pace and worth, renewables are clear winners. Investing in renewables at present additionally avoids constructing extra fossil gasoline infrastructure which will show expensive or redundant within the years forward.
“In spite of everything, clear energy can be pivotal to attracting additional clear financial funding. To this finish, we welcome the extra commitments detailed within the platform targeted on stimulating financial development and serving to Ontario companies climate the storm of tariffs, from an Ontario-made manufacturing credit score to a $1 billion Expertise Improvement Fund and one other $5 billion for a Defend Ontario Account. These packages, if correctly designed, can each shield companies and employees whereas supporting industries with clear development alternatives within the vitality transition.
“We’re additionally inspired by the federal government’s continued dedication to a Dwelling Renovation Rebate Program and hope to see this system expanded to make sure extra households profit from the fee financial savings that come from ditching fossil fuels.
“The platform additionally famous that the province intends to leverage public procurement to assist fortify its manufacturing sector. We hope it makes use of this as a chance to each prioritize EVs and add low-carbon circumstances to public procurement, also referred to as ‘Purchase Clear,’ which provides a trade-compliant path to boosting cleaner, Ontarian-made merchandise.
“Lastly, it’s additionally nice to see the present Aboriginal Mortgage Assure Program tripled right into a $3 billion First Nations Alternatives Financing Program to assist First Nations spend money on and personal main initiatives throughout Ontario.
“With a bumpy street forward, we hope that this new authorities stays focussed on the larger world prize. U.S. election cycles solely final 4 years. The vitality transition is everlasting.”
KEY FACTS
- In Alberta and Ontario, wind can now produce electrical energy at decrease prices than natural-gas-fired energy with much more value reductions on the horizon. Even when the prices of battery storage are included, each wind and photo voltaic are cost-competitive in lots of eventualities, a Clear Power Canada report discovered.
- A family in Toronto that switched its gasoline automobiles for electrical variations, swapped out its pure gasoline home equipment, put in a warmth pump, and made some modest vitality effectivity upgrades would lower $550 off its month-to-month invoice, even making an allowance for upfront prices.
- The world now invests virtually twice as a lot in clear vitality because it does in fossil fuels, in accordance with the Worldwide Power Company.
- In 2023, 70% of Ontario’s pure gasoline was equipped from the U.S. In the meantime, Ontario exported over 30 occasions extra electrical energy to the U.S. than it imported. In brief, counting on electrical energy as a substitute of pure gasoline would end in larger vitality independence.
RESOURCES
Report | Opening the Door
Calculator | mycleanbill.ca
