Traffic congestion costs Canadians. Pricing congestion is the missing piece of our urban mobility puzzle. Canada should begin exploring congestion pricing policies now with urban pilot projects supported by all levels of government.
Drawing on the Ecofiscal Commission’s April 2015 report, The Way Forward, this brief outlines four fundamental principles of good cap-and-trade design. It offers a practical roadmap and specific recommendations to Ontario as the province moves toward developing its policy.
The question is not “if” we need to accelerate greenhouse gas emissions reduction, but rather “how” do we do it in the most practical and cost-effective way. This report outlines a clear way forward—through provincial carbon pricing.
**Winner of the 2016 Doug Purvis Memorial Award**
This report makes the economic case for a new suite of Canadian policies—ecofiscal policies—that align our economic ambitions with environmental imperatives. It demonstrates the opportunity for Canada to modernize its fiscal system in a way that drives innovation, investment, growth and better protection for our natural wealth.