Fraser Institute study shows 2030 Emissions Reduction Plan will cost Canadian economy $45-billion in 2030 alone, reduce global emissions by 4/10 of a percentage point
By Kenneth P. Green, Fraser Institute, June 1, 2023
In 2021, the Government of Canada enacted the Canadian Net-Zero Emissions Accountability Act, more commonly known as “Net-Zero Emissions 2050.” The Act aims to ensure that by the year 2050, Canada’s emissions of greenhouse gases are balanced by actions within Canada that pull greenhouse gases back out of the atmosphere, or at least, prevent some from entering that would otherwise have done so.
As part of this goal, Canada enacted an interim plan, the 2030 Emissions Reduction Plan, with a sub-component on the greenhouse-gas emissions that come from Canada’s oil and gas sector, a sector mostly found in Western Canada.… Read more