Consensus needed on basic elements of Canada's climate change policy

    OTTAWA, June 5 /CNW Telbec/ - Canada needs to reach a consensus on the
three basic elements of a climate change policy, according to a new Conference
Board briefing released today.
    "While the political debate rages in Canada, other countries-including
the United States-are beginning to form action plans," said Glen Hodgson,
Senior Vice-President and Chief Economist. "Canada needs to become aligned on
minimum fundamental requirements of a credible policy toward climate change."
    The three elements of a durable Canadian climate change policy are:

    - being part of a comprehensive global approach among all major emitters-
      including emerging economies such as China and India;
    - providing clarity on attainable targets for greenhouse gas (GHG) and
      CO2 reduction-California's ambitious targets of GHG emissions
      80 per cent below 1990 levels by 2050 could begin to shape the de facto
      North American standard; and
    - implementing a mix of policies-including cap and trade systems, various
      forms of carbon taxes, regulation, incentives for new technologies and
      increased transparency for investors and consumers via the Carbon
      Disclosure Project.

    The publication, A Canadian Climate Change Strategy-Getting the Basics
Right, is available at

For further information:

For further information: Brent Dowdall, Media Relations, (613) 526-3090,
ext. 448,

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