Many critics have complained that the adoption of carbon pricing mechanisms - cap and trade or a tax - will leave Canadian firms vulnerable to competition from jurisdictions without such measures. While that’s true, both the Alberta and federal systems attempt to mitigate that through output-based allocations (OBAs). A recent paper from the University of Calgary puts some meat to the bones of OBAs.
The transition to a low-carbon economy (LCE) has started to take hold in Canada but there remains a lot of unanswered questions on how it will unfold. A recent paper from the Smart Prosperity Institute highlighted many of them.
Three of Canada’s largest cities and members of the C40 are calling on the G20 heads of state to deliver on commitments to address climate change. They say because the US has signaled its intention to withdraw from the Paris Climate Accord, it’s even more important the remaining nations stick to their resolve to take climate action.
Electric vehicle purchase subsidies can’t seem to get any love these days. First it was Canada’s Ecofiscal Commission concluding Quebec’s plan is simply a too expensive for reducing greenhouse gas emissions and now the Montreal Economic Institute (MEI) is adding to the literature criticizing these subsidies as not worth the investment.
With a first place for available funding and a second for early entrepreneurship, Canada has jumped three spots in a global cleantech ranking to hit the number 4 position. The 2017 Global Cleantech Innovation Index (GCII) was released this week by the Cleantech Group and WWF with support from other organizations.