US EditionMark Carney: Investing in net-zero climate solutions creates value and rewards
- Mark Carney has become the new leader of Canada's federal Liberal Party, affecting the country's carbon pricing system, currently set at $65 per tonne and scheduled to rise to $170 per tonne by 2030.
- Carney acknowledges the carbon price's political difficulties, stating, 'It has served its purpose but is now too politically divisive to remain intact,' suggesting a shift in strategy to incentivize clean energy adoption while managing industrial emissions.
- Opposition to carbon pricing is increasing, especially in fossil fuel-dependent regions, leading to questions about the future of provincial autonomy in carbon pricing, as provinces can establish their systems under federal standards.
- Revenues from carbon pricing are returned to households through rebates, but rural areas may face net losses due to higher transportation costs, according to the current policy structure.
10 Articles
10 Articles
Canada's new PM's past in Brazil comes to light
Canada's new Prime Minister, Mark Carney, may be a novice in politics but not to scandals, given his past at the investment firm Brookfield Asset Management, where he was vice chair and head of transition investing, later becoming chair of the asset management arm. During his tenure, Brookfield's name was linked to deforestation and slave-like labor practices, which seem to clash with Carney’s public stance on sustainability and climate action.
Carney Takes The Helm: What’s Next for Canada’s Carbon Policy? - CleanTechnica
With Mark Carney stepping in as the new leader of the federal Liberal Party, Canada’s carbon pricing system faces a critical juncture. Long a proponent of market-driven climate policy, Carney inherits a system designed to reduce emissions while maintaining economic competitiveness. The current framework consists of a consumer-facing fuel charge, ... [continued] The post Carney Takes The Helm: What’s Next for Canada’s Carbon Policy? appeared firs…
What Canada's Mark Carney Means for Climate Change
In the coming days, former central banker Mark Carney is set to be sworn in as Canada’s Prime Minister, after winning the race to replace Justin Trudeau as the leader of the country’s Liberal Party. He will be tasked with leading Canada through a number of pivotal moments—including a trade war with the United States, a cost of living crisis, and a critical moment in the country’s fight against climate change. [time-brightcove not-tgx=”true”] Na…
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