A national price on carbon isn’t going to be enough of a backstop to ensure greater spending on low carbon technologies such as renewable fuels and bio-based materials. Derisking investment in this space is going to require complementary initiatives, programs and regulations.
That the federal political debate on climate change is largely still one that pits those espousing the view of a job killing carbon tax on everything versus others who believe the environment and the economy go hand in hand does a disservice to individuals and companies in the clean energy space.
Biofuels need continued policy support, otherwise the sector could die
Ecofiscal Commission’s report on biofuels policy “is not a document that should be used to support a prudent course of action by government.” That’s Gord Miller, former Environmental Commissioner of Ontario, arguing in his report Staying the Course that the federal government would be wise to maintain its existing policy approach to renewable fuels.
A broad cross section of stakeholders from business, labour, environmental, faith and civil society sectors launched on December 6 an appeal to Canada's First Ministers to put the country on a path towards a Clean Growth Century.