The cost of carbon in Ontario is rising. With the federal government set to increase the Federal Fuel Charge (a.k.a the Carbon Tax) by 325% in 2030, it’s time for organizations to strategize on ways to reduce greenhouse gas (GHG) emissions and mitigate operating expenses in the long run.
From an asset renewal and capital planning perspective, the looming Carbon Tax increase, coupled with volatile natural gas prices, poses a financial and operational risk to organizations with high natural gas consumption, few or no low-carbon emissions technologies, and limited carbon footprint reduction strategies.
When planning asset renewal and retrofit projects, organizations should consider strategic opportunities (forward-looking low-carbon technology, electrification, carbon credits and incentives, etc.) and pathways towards reducing their carbon footprint.
Currently, large industrial users (annual gas consumption > 25.5 million m3 per year) are subject to the Emissions Performance Standard (EPS). Smaller-scale industrial users (annual gas consumption between 5.1 and 25.5 million m3 per year) and non-industrial users (hospitals, colleges, universities) are subject to the Carbon Tax.
We guarantee the results you seek, from payback, utility bill savings and reduced energy consumption to, of course, GHG emissions reduction. We do not simply replace equipment and walk away. This “like for like” approach typically results in a patchwork of incremental improvements that address short-term tactical needs instead of an aligned strategic direction that supports your organization and your long-term vision. Ecosystem provides a more holistic, system-based retrofit project.
Ecosystem is an award-winning integrated engineering and construction firm focused on the design and delivery of high-performing energy projects. We collaborate with our clients to challenge conventions and develop creative solutions that maximize efficiency and improve your bottom line.
As energy experts, thought leaders in sustainability and innovative thinkers, we are excited to engage and participate in any way that helps shape your energy strategy.