Media Release: Environment Commissioner Says Canada Will Not Meet Its 2030 Target: Canada Can Bend the Curve With A Strong Carbon Pricing PolicyRead more
On Tuesday in her yearly report, Julie Gelfand, Canada’s Commissioner of the Environment and Sustainable Development, warned that the federal government must put its plan to cut greenhouse gases and adapt to climate change into concrete action to mitigate the catastrophic effects of wildfires, floods and extreme weather events
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“If adopted by the federal government, our proposals will complement the City of Toronto’s efforts to reduce carbon emissions and transition to a clean energy economy as outlined in TransformTO, which the City passed in July this year,” says Cheryl McNamara who founded the CCL Toronto chapter and spearheaded Toronto’s support for the open letter. “All of us at CCL are grateful for the support of Councillor Mary-Margaret McMahon, Chair of Parks of Environment Committee, to Councillor Sarah Doucette for including the open letter in the Committee’s September 8 meeting, and to all Committee members and Councillors for approving…
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The Ecofiscal Commission agrees with CCL that carbon pricing is the most cost effective way to reduce GHGs in almost all cases, and “should do most of the heavy lifting.” However, even a well designed carbon pricing system may benefit from complementary policies such as regulations, subsidies, education and direct government investment.
OPEN LETTER: Our Request that the Standing Committee on Natural Resources Redouble Their Efforts to Eliminate Fossil Fuel Industry SubsidiesRead more
There is an urgent need to reconsider the fossil fuel industry’s economic value chain in light of climate change. Negative taxes are artificially incentivizing companies to sink costs into infrastructure with dubious prospects. The costs of orphaned wells, tailing ponds, climate disruptions, and other externalities will be borne by future taxpayers long after fossil fuels have ceased to generate wealth. Climate change is a game changer.
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The predictability of the BC carbon tax hike is key to de-risking clean tech adoption. De-risking is exactly what it sounds like: as fossil fuels become steadily more expensive, clean tech will become a predictably less risky investment. That will encourage more clean tech adoption and continue to drive down emissions.