Canada’s transition to net zero emissions

Ben Conigrave

No 1760, OECD Economics Department Working Papers from OECD Publishing

Abstract: Canada has an ambitious plan to reduce the economy’s net emissions to zero by 2050. This will require a step change in mitigation action, with deep energy savings and near economy-wide replacement of fossil fuels with clean energy. Achieving this while minimising negative impacts on activity and living standards will be challenging. Canada is already using a range of policy instruments to propel its green transition – including carbon pricing, regulations, investment incentives, and public procurement of green technology. This Paper explores reforms that could make climate policies work better together to lock in both deep emissions reductions and strong economic growth. As with important efforts to prepare communities for the impacts of climate change, Canada’s provinces and territories will play a key role in the country’s green transition.

Keywords: Canada; carbon pricing; climate change; climate policy; energy; green investment; green transition; net zero (search for similar items in EconPapers)
JEL-codes: H23 H31 H32 Q52 Q58 (search for similar items in EconPapers)
Date: 2023-05-26
New Economics Papers: this item is included in nep-ene and nep-env
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