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.
There is one key message to take away from the various reports produced by Canada’s Ecofiscal Commission - carbon pricing must be the centerpiece of any action to fight reduce greenhouse gas emissions. The reason its many economists say is because it’s the most efficient and most cost-effective way to do it. Others say a well designed regulation can do exactly the same thing.
Canada’s Ecofiscal Commission argued in a report published on June 8 that there are policies government’s can implement that enhance the operation of a carbon pricing mechanism. But Mark Jaccard, an economist and professor at Simon Fraser University, argued in an ideal scenario, complementary policies are unneeded.