Recycling Cap-and-Trade Revenues in Ontario

Event Details

  • Monday, April 11, 2016
  • 12-1 pm EDT
  • Free
  • Online

Recycling Cap-and-Trade Revenues in Ontario

Live-streamed Panel Discussion

Ontario’s cap-and-trade system will come into effect January 1, 2017. The system will be linked with California and Quebec’s under the Western Climate Initiative, and is expected to raise $1.9 billion in its first year. How this revenue is recycled back into the economy can affect both economic and environmental objectives. Join us for a panel discussion to discuss the trade-offs of different revenue recycling options, including how to address household fairness and business competitiveness. And check out our #RevenueRecycling blog series too.



Chris Ragan

Chair, Canada's Ecofiscal Commission
McGill University, Department of Economics
Christopher Ragan has been teaching economics at McGill University since 1989. He is also a Research Fellow at the C.D. Howe Institute where from 2010 through 2013 he held the Institute’s David Dodge Chair in Monetary Policy, and for many years was a member of the Institute’s Monetary Policy Council. From January 2009 through June 2010, he was the Clifford Clark Visiting Economist at the Department of Finance in Ottawa, where he served as a senior advisor to the Minister and other senior Finance officials. During 2004-05, he served as the Special Advisor to the Governor of the Bank of Canada. Ragan is the author of Economics (formerly co-authored with Richard Lipsey), which after fourteen editions is still the most widely used introductory economics textbook in Canada. Ragan also has a regular column in The Globe and Mail. During the mid-1990s he was the founding Editor-in-Chief of World Economic Affairs. Chris Ragan received his B. A. (Honours) in economics in 1984 from the University of Victoria and his Master’s degree in economics from Queen’s University in 1985. He then moved to Cambridge, Massachusetts where he completed his Ph.D. in economics at M.I.T. in 1989.

Expert Panel


Mark Cameron

Executive Director, Canadians for Clean Prosperity

Originally from British Columbia, Mark lives in Ottawa, Canada and has worked in public policy roles in government, business and consulting for over 20 years.

He has worked in several MPs and Ministers offices, including five years with Prime Minister Stephen Harper as Senior Policy Advisor and Director of Policy and Research. He has also worked for Ontario Power Generation, BlackBerry, and as a consultant on energy and environmental issues, most recently heading the energy practice at Hill+Knowlton Strategies. Mark has long been engaged in the environmental policy debate in Canada, and serves on the advisory board of the Pembina Institute and the steering committee of Sustainable Prosperity.


Mike Moffatt

Assistant Professor, Business, Economics and Public Policy group, Ivey Business School, Western University

Mike Moffatt is an Assistant Professor in the Business, Economics and Public Policy group at Ivey. An economist by training, Mike’s interests relate to the intersection of societal issues, public policy and economic growth. He has provided expert testimony to both the House of Commons Standing Committee on Finance and the Standing Senate Committee on National Finance. Mike conducts his public policy research at the Mowat Centre, Ontario’s non-partisan, evidence-based voice on public policy, where he holds the title of Chief Economist.


Vicky Sharpe

Senior Fellow, International Institute for Sustainable Development

Dr. Sharpe has 35 years of diverse energy and natural resource sector experience, extensive investment networks, international exposure mainly in the power sector and is a seasoned director working with start-up and more mature Boards. Possesses an ICD.D (2005) designation and listed on Women on Board and the CBDC Diversity 50 for 2015. She built SDTC (Sustainable Development Technology Canada), whose 280+ companies deliver increased productivity and competiveness to primary economic sectors in Canada enabling increased valuations and export revenues. She took public funding of SDTC from $100 million in 2001 to $1.4 billion in 2014 and mobilized private capital for project and commercialization financing of over $4 billion. Vicky has received awards recognizing her work in advancing sustainability and clean capitalism.


Rick Smith

Executive Director, Broadbent Institute


A prominent Canadian author, environmentalist and non-profit leader, Rick is the Executive Director of the Broadbent Institute.

From 2003 to 2012, he served as Executive Director of Environmental Defence. He is the co-author of two bestselling books on the health effects of pollution: Slow Death by Rubber Duck: How the Toxic Chemistry of Everyday Life Affects Our Health (2009) and Toxin Toxout (2014). A Quill & Quire “Book of the Year”, Slow Death by Rubber Duck has been featured by the Washington Post (which said it “is hard-hitting in a way that turns your stomach and yet also instills hope”), Dr. Oz, Fox News, and Oprah Magazine, and translated into six languages.

Rick is a former Chief of Staff for the federal NDP, and has led many successful campaigns for important new public policies at the federal and provincial levels related to environmental and consumer protection, urban planning and green jobs creation. Originally from Montreal, he holds a Ph.D. in biology from the University of Guelph, is currently a Director of Équiterre and the Greenbelt Foundation, and a member of the Panel of Environment and Sustainable Development Advisors for the Commissioner of the Environment and Sustainable Development of Canada. When not working in an airport terminal somewhere, he lives in east end Toronto with his wife Jennifer Story and their two young boys.