Is Canada Falling Behind on Green Industrial Policy? with Hadrian Mertins-Kirkwood
Why is Canada lagging behind the rest of the world when it comes to industrial policy, and how can industrial strategy help Canada take serious climate action?
Why is Canada lagging behind the rest of the world when it comes to industrial policy, and how can industrial strategy help Canada take serious climate action?
A green industrial policy is so urgent because without it, the carbon price is unlikely to receive enough political support to ever reach its 2030 level or to induce the transformative changes required for a net-zero emissions economy. Here are five reasons why.
For Ontario to meet its goal of transitioning towards a decarbonized society it needs a carbon price alongside more technology and sector specific policies. There are still some unanswered questions regarding how Ontario will ensure these latter policies are comprehensive and effective.
Truly massive public and private investments will have to made in research, in energy conservation and in the production of renewable energy over the next few years if we are to meet and exceed the goal recently set in Paris to stop to avoid global temperatures from rising by more than two degrees.
While regional diversity is a basic fact of Canada, it does not mean the federal government should abdicate its responsibilities for implementing a national carbon price.