LASER TALK: Less than five percent of the Canadian economy is trade exposed

 

A November 2015¬†study by the Ecofiscal Commission released found that less than five percent of the overall Canadian economy would be exposed to competitive pressures if carbon was priced at $30 a tonne – that’s because like most western democracies, Canada has a huge service sector that is neither emissions-intensive nor trade exposed. The good news is, governments can address the challenges of the tradeexposed industries with targeted, transparent, and temporary support measures for genuinely vulnerable industries. Ultimately though, Canada will need a national carbon price with border tax adjustments to protect domestic industries.

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