Wednesday, June 12, 2024

Trudeau campaign pledges $40K interest-free loans to help make homes energy efficient


Against the backdrop of Global Climate Strike week, incumbent Prime Minister Justin Trudeau’s re-election campaign has announced measures to make homes more energy efficient.

If re-elected, Trudeau pledges to offer landlords and homeowners with interest-free loans of up to $40,000 to help them upgrade old furnaces, replace drafty windows, or otherwise retrofit their homes to make them more energy-efficient.

See also: Trudeau campaign pledges $40K interest-free loans to help make homes energy efficient

“It’s expensive to adapt to a changing climate. We are going to help you replace those drafty windows or your old furnace – so you can cut your utility bills and keep our environment healthy,” said Trudeau.

In addition to helping Canadians upgrade existing homes, the party promises to create a ‘Net Zero Homes Grant’ of up to $5,000 to help prospective homeowners purchase newly-built houses that are certified zero-emissions.

Trudeau also makes pledges to help communities prepare for climate change-related tragedies – like the increasing number of floods and wildfires – by establishing a $2 billion ‘Disaster Mitigation and Adaptation Fund’.

Today’s announcement was the second climate action pledge made by the Liberal campaign this week.

On Tuesday, the campaign pledged to reduce the corporate tax rate by 50% for companies that develop or manufacture products with zero emissions.

If re-elected, Trudeau also promised to reduce Canada’s net emissions to zero by 2050, in conjunction with other countries taking the same pledge at the United Nations earlier this week.

Brishti Basu
Former Senior Staff Writer and Content Manager at Victoria Buzz.

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