Bruce Power Net Zero Inc. is an Ontario corporation which owns and operates a 9 Megawatt renewable energy project located adjacent to Bruce Power. Its purpose is to advance projects that deliver a clean energy mix for the province and Canada.
Bruce Power aims to be the first nuclear plant in North America to achieve net zero greenhouse gas emissions by 2027. Each day Bruce Power produces 30 per cent of Ontario’s electricity and is responsible for the avoidance of about 19 million tonnes of greenhouse gases (GHGs) a year.
Starting from this position of strength, Bruce Power Net Zero Inc. will leverage investment to generate pathways to achieve Net Zero GHG emissions from the Bruce Power site by 2027. Initiatives include those which reduce GHG emissions as well as enhancing or protecting natural solutions, like forests, agricultural land and the ocean. Bruce Power Net Zero Inc. will accomplish this mandate by:
- Enabling new business connections with industry and regional and community partners that reduce GHG emissions.
- Investing in Net Zero infrastructure that generates off-set credits.
- Capitalizing on the potential of nuclear power to enable innovation in the pursuit of decarbonization.
- Leveraging government support to unlock investment opportunities that further contribute to a Net Zero future.
Net Zero Facts
Climate change is one of the greatest threats of our time. Under the 2015 Paris Agreement, Canada, along with 194 other countries, agreed to transition to a low-carbon economy and meet country-specific GHG reduction targets. With current measures, Canada is not likely to meet its 2030 targets. To drastically reduce emissions, Canada must embrace all available low-carbon energy sources, including nuclear.
What is Net Zero?
Achieving Net Zero emissions means our economy either emits no greenhouse gas emissions or off-sets its emissions, for example, through actions such as tree planting or employing technologies that can capture carbon before it is released into the air. This is essential to keeping the world safe and livable for our kids and grandkids.
- Canada has joined over 120 countries in committing to be Net Zero emissions by 2050, including all other G7 nations (United Kingdom, United States, Germany, Italy, France, and Japan), A number of provinces and cities have already made Net-Zero-by-2050 commitments, including Guelph, Vancouver, Hamilton, Toronto, Halifax, Newfoundland and Labrador, and most recently Quebec. Prince Edward Island has also pledged to reach Net Zero greenhouse gas emissions by 2040. Nova Scotia and British Columbia have put into place, or plan to put into place, provincial Net-Zero-by-2050 legislation.
- Global energy-related CO2 emissions reached a record high of 33.5 billion tonnes in 2019 and remained stable in 2019. There was a drop in 2020 to 31.5 billion tonnes, largely attributed to the COVID-19 pandemic.
- Fossil fuel use is the primary source of CO2 emissions.
- If we replaced all the world’s coal and natural gas plants with low-carbon nuclear, we would reduce global CO2 emissions by nearly 13 billion tonnes annually. This change would go a long way to helping the planet stay within the 1.5 C target set by the International Atomic Energy Agency (IAEA) in its most recent climate change report.