There are two main obstacles to achieving meaningful carbon reductions in Canada.
We have unique underlying drivers of emissions, like a naturally cold climate, a large geography, and an industrialized economy that relies on its considerable natural resources.
The other challenge is the likely unequal transition costs across the country.
The choice facing Canadians is not whether we’re getting there, but how we can reap the rewards while minimizing transition costs. Canada’s opportunity to offset the economic impact of decarbonization lies in its ability to lead in the clean technology market—a market whose value in 2022 is estimated to be more than $2.5 trillion.