ec•o•fis•cal policy /ekōˈfiskəl/ adj.

An ecofiscal policy corrects market price signals to encourage the economic activities we do want (job creation, investment, and innovation) while reducing those we don’t want (greenhouse gas emissions and the pollution of our land, air, and water).

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Environmental disasters — for example, train derailments, tailings pond failures, or oil spills — are infrequent, but also potentially costly. The economic activity that drives our prosperity comes with risk to the environment. We cannot eliminate that risk, but we can do more to manage it. Putting a price on environmental risk is key to doing so.

We’ve come a long way in Canada. We have real, working examples of both carbon taxes and cap-and-trade systems. Yet the growing consensus around carbon pricing is not yet universal. This essay unpacks carbon pricing in (mostly) jargon-free language. Just the facts.

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Canada’s Ecofiscal Commission

Practical solutions for growing prosperity

Livable CitiesLivable Cities

Traffic congestion, overflowing landfills, and urban sprawl—these are some of the biggest challenges facing Canadian cities. We look at how new policies can make urban life more livable. Learn more.

Climate and EnergyClimate and Energy

From carbon pricing to energy subsidies, we analyze the policy opportunities and challenges defining Canada’s climate and energy landscape today. Learn more.

WaterWater

Can you put a price on clean water? We examine new Canadian policy solutions for water pollution, over-consumption, and infrastructure. Learn More.

Meet the people behind the Commission