Achieving 2050: A Carbon Pricing Policy for Canada

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FINDING SUSTAINABLE PATHWAYS

OUR PROCESS

Our process helps Canada achieve sustainable development solutions that integrate environmental and economic considerations to ensure the lasting prosperity and well-being of our nation.

RESEARCH

We rigorously research and conduct high quality analysis on issues of sustainable development. Our thinking is original and thought provoking.

CONVENE

We convene opinion leaders and experts from across Canada around our table to share their knowledge and diverse perspectives. We stimulate debate and integrate polarities. We create a context for possibilities to emerge.

ADVISE

We generate ideas and provide realistic solutions to advise governments, Parliament and Canadians. We proceed with resolve and optimism to bring Canada’s economy and environment closer together.

Achieving 2050: A Carbon Pricing Policy for Canada

April 16, 2009

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Achieving 2050: A Carbon Pricing Policy for Canada

Establishing a price on carbon is one of the most powerful mechanisms available to reduce greenhouse gas emissions that cause climate change. Carbon pricing motivates businesses and individuals to reduce carbon emissions by providing incentives to invest in renewable energy and low-emission technologies and by making it more expensive to use damaging alternatives.

Our Process
NRT Process - Research, Convene, Advise

Process Research

RESEARCH

The National Round Table conducted original and comprehensive economic modelling of various carbon pricing mechanisms and how they affect provinces and other sectors. We examined the theory and practice of carbon pricing instruments and how they could work for Canada.

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Process Convene

CONVENE

The NRT brought together insight and contributions of many key stakeholders, including an Expert Advisory Committee that provided valuable and timely commentary on our research and conclusions. More than 220 participants from industry, environment and public policy communities, joined us for regional outreach sessions in 2008 and 2009, providing us with detailed sectoral and provincial context for the preparation of our report.

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Process Advise

ADVISE

Our report, Achieving 2050, was released on April 16, 2009. It recommends a unified carbon pricing policy for Canada—a policy aimed at meeting one clear objective: achieving the greatest amount of carbon emission reductions, at the least economic cost. The report sets out a comprehensive road map for establishing a national cap-and-trade system in a phased manner, with adequate transition for industry and consumers. It lists guiding principles for a Canadian carbon pricing policy. The NRT’s carbon pricing roadmap is reasonable and realistic to meet Canada’s emission reduction targets.

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