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Paris Agreement Targets Canada

In an earlier interview, Angela Carter, a professor of political science at the University of Waterloo, called the liberal climate plan “contradictory” and said it was “extremely difficult and perhaps totally impossible” to meet emissions reduction targets. In this report, we describe existing policies and planned commitments as “promised policy.” As we shall see, greater government policy – whether it is an increase in CO2 taxes or increased regulation – will be inevitable if governments intend to meet their promised goals and will result in higher costs to the economy and job losses. Since the end of spring 2020, the federal government has not specified the measures and taxes it intends to implement to achieve the Paris target, but insists that this goal be achieved. However, as this analysis shows, the federal government has not provided details on how to bridge the so-called “Paris divide” or what it will cost Canadians and the oil and gas industry that employs many Canadians. The analysis shows that there is a significant gap between the expected GHG reductions in promised policies and the GHG reductions needed to meet Canada`s Paris targets. The analysis shows that removing this gap will result in significant costs to the Canadian economy and, in particular, to the Canadian oil and gas sector. By comparison, this 31 Mt difference corresponds to the total emissions of the Canadian chemical industry ($28 million), which employed 92,590 Canadians in 2019 (Chemistry Industry Association of Canada). He says the Trudeau government is “receiving climate change,” but Wright adds that he needs to “solve the problem with ambitious goals and sound public policies.” – Promised policies are not enough to meet Canada`s emissions target by 2030. Despite all these policy measures, there is still a gap of 112 megatonnes (Mt) in greenhouse gas emissions from the Paris 2030 targets.2 Although there has been a great debate about the promises of Canada`s COP 21, Reducing greenhouse gas emissions by at least 30 per cent from 2005 levels by 2030 has been hardly the subject of a detailed public analysis of the economic impact and fiscal compliance with Canada`s oil and gas sector, compliance with the Paris Memorandum of Understanding. The estimated 300,000 job losses are highlighted by comparing the scenario of the promised policy, that is, the policy announced, with the strategies really needed to achieve the Paris targets for reducing greenhouse gas emissions.