The movement for a “Green New Deal” has taken off in the US and Canada. The idea takes inspiration from the American post-war economic mobilization and creation of a welfare state. The Green New Deal calls on us to solve the climate crisis and provide economic security, through a big, ambitious, and multifaceted policy approach.
Recent events have triggered an important discussion on the Left’s approach to climate change policy. The Leap Manifesto is one expression of the desire to transition to a carbon neutral economy while creating a more just and “caring” society.
On a public policy Richter scale, Alberta’s new Climate Leadership Plan is an 11. It is enormously positive and forward-looking and will yield measurable benefits for the health and quality of life of Albertans. Significantly, the new plan is supported by oil industry leaders, environmental organizations and other important stakeholders.
Posted by Geoff Stiles · November 19, 2015 3:45 PM
The recent Broadbent Institute and Mowat Centre report, Step-Change: Federal Policy Ideas Towards a Low-Carbon Canada, appears at a critical time. Intended to provide concrete examples of mitigation policies that might be adopted in the long run by the new federal government, it is also a timely reminder of the need for Canada to revise its approach to negotiating an agreement in Paris.
TORONTO — Canada must ensure there are broader changes to our economy beyond carbon pricing alone if the country is to move toward a low-carbon economy, says a new report released today by the Mowat Centre and the Broadbent Institute.
The two think tanks say that in the lead-up to next month’s UN Conference on Climate Change in Paris, Canada’s new federal government must articulate a broad and clear agenda that recognizes climate change is a fundamental global threat demanding Canadian leadership.
Justin Trudeau has announced that the Liberals “won’t set a specific emissions target” for greenhouse gas emissions to address climate change. His reasoning is that, “what we need is not ambitious political targets. What we need is an ambitious plan to reduce our emissions in the country.”
Pope Francis has set out to transform the issue of climate change into a moral imperative, not just for the world’s 1.2 billion Catholics, but for everyone. He is unambiguous about the role of human activity in producing the greenhouse gasses that are the decisive contributor to global warming and the connection between these climactic changes and global justice challenges facing humanity and the planetary environment.
Canada’s new Ecofiscal Commission, chaired by McGill University macroeconomics professor Chris Ragan, has a mandate to propose reforms to the fiscal system that reduce pollution and environmental damage while also increasing economic efficiency.
The core idea is to move towards a polluter-pay approach, whereby environmental costs are reflected in the market prices of economic activities. By taxing polluting activities, eco-fiscal policies incentivize actions that reduce harm to the environment and generate new revenues that could be used to reduce other taxes.
The recent collapse in the price of oil begs the question of whether Canada, yet again, is going to enter the bust phase of a classic boom-bust resource cycle. There is much to fear.
Earlier this year, the Canadian Centre for Policy Alternatives released a collection of essays marking the fiftieth anniversary of the publication of a Canadian economics classic, “A Staple Theory of Economic Growth” by Mel Watkins.