Wednesday, August 13, 2003

Coming in from ENN,

13 August 2003
By Gilbert Le Gras, Reuters


OTTAWA — Canada earmarked C$1 billion (US$725 million) in incentives for homeowners, businesses, and governments Tuesday as part of its Kyoto Protocol commitment to curb emissions of greenhouse gases.

The announcement accounts for half the C$2 billion Ottawa pledged in February's budget for a five-year spending initiative to reduce emissions blamed for global warming, after Parliament ratified the international agreement in December.

Ottawa has committed Canada to cutting emissions of greenhouse gases to 6 percent below 1990 levels by 2012. In 2001, they were 18.5 percent above 1990 levels.

Among the spending initiatives are: (Read on in Canada earmarks C$1 billion in climate change funds)

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