Steering markets towards achieving societally relevant goals is the reason to have an industrial policy in the first place. While policymakers must monitor international changes and adapt accordingly, an effective green industrial policy must be more than a short-term response to American policy actions.
La politique industrielle devrait être conçue de manière à favoriser l’atteinte des objectifs sociétaux pertinents du Canada et non de manière défensive face aux événements qui se déroulent aux États-Unis.
Why are mainstream economists so keen on costing out the value of nature, climate-induced disasters, and planetary survival? These are central questions Adrienne Buller asks in a well-argued and highly relevant critique of “green capitalism” and its attempts at putting a price on planetary survival.
While droughts and high temperatures grab headlines, truly implementing FPIC should not be seen as a roadblock to climate action, but instead be seen as an integral part to build trust and smooth relations to reduce transaction costs for a Just Transition.
Supply-side and demand-side measures to incentivize this shift are touted at the top of Budget 2022’s climate action measures. Relying on incentives for private sector and consumer investment in ZEVs, however, come with costs and implications that are not always considered.
The right-wing are claiming that environmental measures to deal with the climate crisis are a major cause of inflation. But we do not face an unpalatable choice between saving the planet and lower living standards. Progressives must come up with a serious alternative.