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 transferring in a really completely different course 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 shall be key to retaining and constructing on this benefit. By increasing domestically produced clear power, Ontario can increase its manufacturing sectors whereas reducing family payments and shielding shoppers from risky fossil gasoline worth swings.
“The get together’s election platform contained some constructive alerts on this entrance, together with Ontario’s first built-in power plan (which can assist Ontario put together for the bottom price and most resilient power 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 develop 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 on the subject of velocity and worth, renewables are clear winners. Investing in renewables at this time additionally avoids constructing extra fossil gasoline infrastructure that will show expensive or redundant within the years forward.
“In spite of everything, clear energy shall 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 applications, if correctly designed, can each shield companies and staff whereas supporting industries with clear development alternatives within the power transition.
“We’re additionally inspired by the federal government’s continued dedication to a Residence 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 situations to public procurement, also called ‘Purchase Clear,’ which affords 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 put money into and personal main initiatives throughout Ontario.
“With a bumpy highway forward, we hope that this new authorities stays focussed on the larger world prize. U.S. election cycles solely final 4 years. The power 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 price reductions on the horizon. Even when the prices of battery storage are included, each wind and photo voltaic are cost-competitive in lots of situations, a Clear Power Canada report discovered.
- A family in Toronto that switched its fuel automobiles for electrical variations, swapped out its pure fuel home equipment, put in a warmth pump, and made some modest power effectivity upgrades would lower $550 off its month-to-month invoice, even bearing in mind upfront prices.
- The world now invests virtually twice as a lot in clear power because it does in fossil fuels, in accordance with the Worldwide Power Company.
- In 2023, 70% of Ontario’s pure fuel was provided from the U.S. In the meantime, Ontario exported over 30 occasions extra electrical energy to the U.S. than it imported. Briefly, counting on electrical energy as an alternative of pure fuel would lead to higher power independence.
RESOURCES
Report | Opening the Door
Calculator | mycleanbill.ca
