Parallel Paths – Read the Report
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CONTENTS
Message from the Chair
Message from the President and CEO
NRTEE Members
About Us - National Round Table on the Environment and the Economy
Acknowledgements
0.0 // EXECUTIVE SUMMARY
A central question in Canadian climate policy remains, “What of the United States?”
1.0 // INTRODUCTION
Uncertainty about U.S. commitment and direction on
climate change affects the scope and scale of long-term policy direction and commitment here in Canada.
2.0 // SETTING THE STAGE
This chapter sets the stage for our analysis of implications for Canada of both Canadian and U.S. climate policy choices.
2.1 // The Canadian-American Trade, Energy and Emissions Relationship
2.2 // Framing Issues: Competitiveness and Policy Delay
2.3 // Research Approach
3.0 // ASSESSING RISKS IN CANADA-U.S. CLIMATE POLICY
The biggest risks for Canadian climate policy stem from U.S. climate policy uncertainty. This uncertainty complicates our own policy choices in response.
3.1 // Canada Lags the U.S. on Climate Policy
3.2 // Canada Leads the U.S. on Climate Policy
3.3 // Canada Harmonizes with the U.S. on Climate Policy
3.4 // Summary: Lag, Lead, or Harmonize?
4.0 // ASSESSING OPPORTUNITIES FOR CANADA-U.S. CLIMATE POLICY
In this chapter, we assess policy tools that present possible risk management opportunities for Canada.
4.1 // Linking with a U.S. Cap-and-Trade System to Harmonize Prices
4.2 // Aligning Carbon Prices through Cost Containment Measures
4.3 // Permit Allocations and Revenue Recycling to Address Regional Impacts
4.4 // Contingent Carbon Pricing to Limit Competitiveness Risks and Achieve Emission Reductions
4.5 // Summary: Opportunities for Canada
5.0 // A TRANSITIONAL POLICY OPTION FOR CANADA
This chapter considers a new policy option that could help Canada manage the risks that emerge from uncertain U.S. policy. It would provide a path forward for Canada if the U.S. delays implementing a national climate policy.
5.1 // The Essential Issue for Canada
5.2 // Summary of Policy Options
5.3 // The NRTEE Transitional Policy Option
5.4 // Economic Outcomes of the Transitional Policy Option
5.5 // Environmental Outcomes of the Transitional Policy Option
5.6 // Summary: A Transitional Policy for Canada
6.0 // CONCLUSIONS AND RECOMMENDATIONS
This report proposes a path forward through economic risks and opportunities of Canadian and U.S. climate policy choices.
7.0 // APPENDICES
7.1 // Glossary of Key Terms
7.2 // The NRTEE ’s Approach to Assessing Risks
7.3 // Overview of the GEEM Model
7.4 // Assessment of Emissions-Intensive and Trade-Exposed Sectors
7.5 // Overview of Modelling Scenarios and Policy Assumptions
7.6 // Detailed Results
7.7 // Stakeholder Engagement
7.8 // References
© 2013