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NEIA pleased with Province’s Introduction of Carbon Pricing for Large Emitters

For Immediate Release
June 7, 2016

Industry expects robust engagement in development of regulations



ST. JOHN’S, NL – The Newfoundland and Labrador Environmental Industry Association (NEIA) is applauding the efforts of the province in addressing the greenhouse gas emissions from large emitters.

“Deterring greenhouse gas emissions is important not just for the environment, but also from a business perspective,” says Ted Lomond, Executive Director of NEIA. “As international markets and industries move rapidly towards cleaner and more efficient technologies and services, Newfoundland and Labrador must strive to keep pace in order for its private sector to remain competitive on the world stage.”

Lomond says that by pricing carbon, incentives emerge for local businesses to provide solutions for industry. “Our large emitters are going to need help to reduce their environmental impact. Firms in this province can help industry deliver on their responsibilities, while boosting Newfoundland and Labrador’s economy, driving innovation, and developing tools that can be exported in the process.”

NEIA anticipates that the regulations and programs stemming from the legislation will be developed in close consultation with industry. “Decisions about how carbon credits are spent and how revenue is disbursed will have a significant impact on the Provincial economy,” says Lomond. “There is a lot at stake here for local firms who have products and services that can help reduce the province’s greenhouse gas emissions. The importance of the structure of this carbon pricing program to the growth of the local green economy cannot be underestimated.”

“NEIA expects that industry will be extensively engaged as this initiative progresses,” says Lomond.

“While the province is facing significant economic challenges, the green economy represents an area of great immediate opportunity,” says Lomond. “The federal government is investing heavily in clean technologies and environmental protection, and now the province is providing incentives for the local business community to become part of the solution. Industry in Newfoundland and Labrador looks forward to working closely with all of its public partners to capitalize on these opportunities.”

NEIA is a not-for-profit association of businesses that promotes the growth and development of the green economy in Newfoundland and Labrador. More information can be found at http://www.neia.org.

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