The government of Ontario is proposing legislation to attract new investment, create new green economy jobs and better protect the climate. If passed, the Green Energy Act (GEA) would help the government ensure Ontario's green economic future by building a greener economy with new investment, creating well-paying green jobs (a projected 50,000 jobs in the first three years) more economic growth for Ontario, and better protecting the environment, combating climate change and creating a healthier future for generations to come.
The proposed GEA consists of a series of coordinated actions with the goal of making it easier to bring renewable energy projects to life and fostering a culture of conservation by assisting homeowners, government, schools and industrial employers to transition to lower energy use.
The proposed GEA, and the expected regulatory changes and policies that would flow from it, include a range of measures, including the following:
– creating a new feed-in tariff regime that will guarantee rates and help spark new investment in renewable energy generation, increase investor confidence and provide access to financing;
– establishing the right to connect to the electricity grid for renewable projects;
– establishing a streamlined approvals process, including providing service guarantees for renewable energy projects and a renewable energy facilitator.
The proposed legislation would enable the government to set domestic content requirements for renewable energy projects, leading to job opportunities in Ontario. If passed, the legislation would also drive new economic opportunities for local communities, First Nations and Metis communities to build, own and operate their own renewable energy projects.
As the proposed legislation and its implementation move forward, ongoing consultations would be held with First Nations and Metis communities and stakeholders including business, environmentalists and municipalities.
SOURCE: Office of the Government of Ontario