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Climate-related spending

Last updated on April 29, 2025

B.C. spent an estimated $2.2 billion on climate-related initiatives in 2023-24. The tables below include operating and capital investments.

Operating investments are broken down by:

  • Mitigation measures by sector that support the reduction of greenhouse gas emissions
  • Other supporting climate-related measures

Operating investments appear lower in 2024-25 due to upfront funding provided in 2023-24 to accelerate action to several programs within cleaner industry, cleaner buildings and communities, and cleaner government and public sector categories. 

Distribution of spending on mitigation measures by fiscal year
Operating investments
($ million)		 Actual 2023-24 Forecast 2024-25
Cleaner industry 394.58 255.29
Cleaner buildings and communities 242.20 73.37
Cleaner transportation 101.54 140.91
Cleaner government and public sector 42.71 2.71
Other climate spending 91.54 71.22
Total spending on mitigation measures 872.57 543.50

Distribution of spending on other supporting measures by fiscal year
Operating investments
($ million)		 Actual 2023-24 Forecast 2024-25
Climate preparedness and adaptation 295.54 165.92
Transit projects 151.43 166.83
Other tax measures 68.80 106.38
Total spending on other supporting measures 515.77 439.13

Distribution of spending on capital investments by fiscal year
Capital investments
($ million)		 Actual 2023-24   Forecast 2024-25
Transit projects 758.40 1,436.00
Clean government and public sector 54.91 86.71
Cleaner transportation 13.00 23.80
Total spending on capital investments 826.31 1,546.51

Notes:

  • The fiscal year for B.C. is from April 1 to March 31
  • Amounts in each year are not cumulative and totals may not add due to rounding. Amounts are not audited. The list may not capture all climate-related spending by government and this presentation may be adjusted in subsequent reports
  • Other tax measures include PST exemption on used zero-emission vehicles, e-bikes, and heat pumps, among others. Some exemptions (for example, PST) are largely point-of-sale exemptions and can only be estimated, unlike expenditures provided through other taxes for which there is more precise data
  • Other climate spending includes other operating investments such as the Two Billion Tree Program, First Nations Clean Energy Business Fund, Organics Infrastructure and Collection Program, and Agriculture Beneficial Management Practices Program