|October 29, 2009|
Canada can meet global-warming reduction targets while growing jobs and economy
|New study shows regional impacts on employment and gross domestic product, and examines how Canada can meet a greenhouse gas reduction target for 2020 that goes beyond the federal government’s target. |
Ottawa - Canada can succeed economically while meeting targets to reduce global warming pollution, according to an economic modelling study commissioned by the Pembina Institute and the David Suzuki Foundation.
Climate Leadership, Economic Prosperity is the first Canadian study of its kind to show regional impacts on employment and gross domestic product, and the first to comprehensively examine how Canada can meet a greenhouse gas reduction target for 2020 that goes beyond the federal government’s target.
Leading economic modelling firm M.K. Jaccard and Associates, on behalf of the Pembina Institute and the David Suzuki Foundation, conducted an in-depth study of federal and provincial policies needed for Canada to meet two targets to reduce its greenhouse gas emissions.
The firm modelled how Canada can achieve both the federal government’s current target (20 per cent below the 2006 level by 2020) as well as a more ambitious target (25 per cent below the 1990 level by 2020). The second target is derived from analysis of the emission reductions needed to limit average global warming to 2° C - a limit supported by a broad scientific consensus.
"This new analysis shows that with strong policies, Canada can meet a 2° C target in 2020 and have a strong, growing economy, a quality of life higher than Canadians enjoy today, and continued steady job creation across the country," says Dale Marshall, climate change policy analyst with the David Suzuki Foundation.
Far stronger policies than the federal government has proposed to date must be implemented, according to the modelling study.
"Meeting either target requires governments to put a significant price on global warming emissions broadly across the economy, and to back this up with strong complementary regulations and public investments," says Matthew Bramley, director of climate change for the Pembina Institute.
"The study indicates that Canada can implement much stronger climate policies than the U.S. and still prosper economically."
Key findings of the Jaccard study include:
The Pembina Institute and David Suzuki Foundation view the study as an important contribution to current public policy dialogue on greenhouse gas reductions in the lead up to the December UN climate summit in Copenhagen.
Download a copy of Climate Leadership, Economic Prosperity at climate.pembina.org/pub/1909
See also GLOBE-Net Business Report Section for more details on the Technical Study supporting this ReportFor More Information: Pembina Institute