Is carbon pricing here to stay in Canada?

While speaking with Carbon Pulse on whether the federal carbon pricing regime is here to stay, partner Tyson Dyck said that the announcement of Canada’s new Conservative Party leader is unlikely to have a significant impact on the federal government’s greenhouse gas (GHG) mitigation efforts.

He noted that the Liberal government and the New Democratic Party (NDP) have agreed to a common agenda of significantly reducing Canada’s GHG emissions by 2030.

Read: The rise of voluntary carbon markets

In addition to carbon border adjustment mechanisms being considered in other jurisdictions, any change in the country’s climate regulatory system would have to contend with the amount of corporate interest and institutional capital in Canada that had already been directed towards voluntary emissions reductions.

“Outside of the regulatory sphere, major institutional investors in Canada are driving capital towards voluntary emissions reductions as they implement their net zero commitments,” Tyson said.

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