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Energy Policies

Energy Projects: Boosting Investment by Reducing Uncertainty

In recent years, numerous national energy projects have been cancelled or substantially delayed in Canada due to the ineffectiveness of the governmental approval process. This situation is alarming, given the contribution of the energy sector to the Canadian economy, but also our loss of competitiveness relative to our main trading partner. Indeed, the United States has put in place a series of reforms aimed at reducing the regulatory burden for businesses, while here, we are heading in the opposite direction.

The Carbon Market: Chasing Away Jobs and Capital without Reducing GHGs

A carbon market, like a carbon tax, aims to modify behaviours in order to reduce GHG emissions by setting a price for them. Although such mechanisms are regularly mentioned in the news, their economic consequences are less often discussed, to say nothing of their effectiveness. Does imposing a price on carbon always reduce emissions, or does it instead displace them, along with the accompanying economic activity? In the two scenarios examined here, the effect on GHG emissions would be negligible, but the economic impact would be significant.

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