New analysis confirms carbon pricing works: it will significantly reduce pollution while our economy grows
“Canadians expect the federal government to take serious, practical and cost effective action on climate change while positioning Canada to take advantage of the trillion dollar opportunity in the clean growth economy. All parties in Parliament support meeting our Paris Agreement targets – and any credible plan to fight climate change must include a price on pollution. Experience from Canada and around the world confirms that pricing pollution works: it spurs clean innovation and growth, creates good middle-class jobs and gives families and businesses an incentive to make choices that will help them save energy and money. The environment and the economy go hand in hand.”
Catherine McKenna, Minister of the Environment and Climate Change
Eighty percent of Canadians live in jurisdictions that have a price on carbon pollution, and in 2017, those provinces – British Columbia, Alberta, Ontario and Quebec – had the strongest GDP growth in Canada. (Source)
Pricing carbon pollution helps Canadian companies create jobs and compete successfully in the global shift to cleaner growth – an opportunity the World Bank estimates will be worth $23 trillion globally between now and 2030.
From 1983 to 2004, insurance claims in Canada from severe-weather events totalled almost $400 million a year. In the past decade, that amount tripled to more than $1 billion a year.
According to the World Bank, nearly half the world’s economy is pricing pollution today, including China, California, and the EU.
Canada’s five major banks, along with many companies in the consumer goods, energy and resource development sectors also support putting a price on pollution, as members of the Carbon Pricing Leadership Coalition – which includes 32 national and sub-national governments, 150 businesses and 67 strategic partners globally working to support and accelerate carbon pricing around the world.
Office of the Minister of Environment and Climate Change
Environment and Climate Change Canada
819-938-3338 or 1-844-836-7799 (toll-free)
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