If they don’t already, every province in Canada will soon have a price on carbon. The main purpose of carbon pricing is to reduce emissions, but they also generate revenues for governments. When it comes to recycling these revenues back into the economy, governments have plenty of options. In this blog, I’ll dive into the […]
Meeting Canada’s climate targets in a way that is best for our economic prosperity requires broad policy that creates consistent incentives across all emissions in the economy, from individual households and small businesses to heavy industry. Output-based pricing must be a key part of that mix if Canada is to strike the right balance between […]
In 2019, every jurisdiction in Canada will have a price on carbon. It is the culmination of four years of work to develop a more coordinated approach to climate policy across Canada. Provinces had the opportunity to design their own carbon pricing systems. The federally designed carbon pricing policy (aka, the “backstop”) will come into […]
‘An ounce of prevention is worth a pound of cure.’ It’s a cliché, but it holds an important lesson for climate change. So far in our blog series on climate risk, we’ve talked about the severity of the risks we face, what those risks mean for us, and how we can reduce those risks by […]
LETTER FROM THE CHAIR AND EXECUTIVE DIRECTOR On October 8, 2018, the Intergovernmental Panel on Climate Change released its latest report, affirming that humanity has about a decade to limit global warming to 1.5 degrees Celsius. A few hours later, William Nordhaus received a Nobel prize in economics for his work on the economics of […]
Even if the world stopped emitting GHGs today, we’d still face dangerous sea-level rise, hotter temperatures, and more extreme weather events caused by our past emissions. Preparing and planning for these risks—some of which were explained in last week’s blog—can reduce how much damage they ultimately inflict on our health, economy, environment, and communities. That […]