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
The publication, A Canadian Climate Change Strategy-Getting the Basics
Right, is available at www.e-library.ca.
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