____ Posted Thursday January 18, 2018 ____

Climate Change

Trudeau recently announced that Ottawa is preparing to relax carbon-pricing measures to aid industry competitiveness

Professor Jatin Nathwani, Ontario Research Chair in Public Policy for Sustainable Energy and Executive Director of the Waterloo Institute for Sustainable Energy said, “To meet our national obligations – as part of the Paris Treaty – and national aspirational targets, it is absolutely critical that an effective mechanism exists to meet the targets. Given the Federal nature of our government, sufficient flexibility has been introduced to allow different provinces to meet the “floor levels” of pricing but the means to get there are open: cap and trade vs. carbon tax."

“Close monitoring would be necessary to ensure broad consistency across jurisdictions and more so to “exemptions” granted to specific sectors or companies. Too many of these can undermine the overall intent of the legislation, but some exemptions may be necessary to deal with province specific issues and challenges. All in all, the legislation is overdue and necessary to allow us to move towards a low carbon economy over time, concluded Jatin Nathwani





Do you like the concept of exchangemagazine.com? Help us grow our article development program with our voluntary pay subscription program. Your contribution is valued. In this new digital realm of world wide stories local journalism stories needs a boost and you can help. Thanks in advance.



Subscription Options

Content published on this site represents the opinion of the individual/organization and/or source provider and/or content provider. ExchangeMagazine.com is non-partisan, online business journal serving Southern Ontario, Canada. Privacy Policy. Copyright of Exchange Magazine content is the copyright of Exchange Business Communications Inc. 2017. Additional editorials, comments and releases are copyright of respective source(s) and/or independent columnist, enterprises, research institutes, or educational, trade and economical focused organizations.