Economic Note assessing the cost and the efficiency of Quebec and Ontario programs aiming to reduce greenhouse gas emissions by subsidizing electric cars
Ontario and Quebec have set ambitious targets aimed at reducing greenhouse gases (GHGs), respectively 37% and 37.5% by 2030 compared to 1990 levels. The transportation sector is crucial for achieving these ambitious targets, since it represents over a third of the emissions of each province. These have therefore decided to implement, among other things, subsidies to electric vehicles. But is this injection of public funds the best use of our money?
Viewpoint explaining how Ontario is following the Quebec model with increasingly high levels of spending, taxation and indebtedness
For decades, Quebec’s economy and the state of its public finances have been judged in comparison with Ontario. Catching up with its neighbour was a worthwhile goal, promoted by many. Over the past few years, the differences between the two most populous provinces have indeed been reduced. However, while the picture has improved somewhat in Quebec, including recent fiscal prudence on the part of the government, this narrowing of the gap does not so much reflect Quebec’s good performance as it does Ontario’s gradual decline.
Economic Note exploring the potential impact of various proposed energy policies on consumers and taxpayers in Alberta
In recent years, Canadian provinces have adopted various “green” energy policies that have had a discernable impact on their energy markets. Carbon levies and constraints on using certain energy sources to generate electricity are now commonplace, and their use seems to be spreading. Until recently, Alberta had avoided such policy tools. In addition, much electricity in Alberta is generated, transmitted, and sold by private market actors, and thus political interference in the market has mostly been avoided.