cover image: The cost of Bill C-288 to Canadian families and business : Coût du projet de loi C-288 pour les familles et les entreprises canadiennes

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The cost of Bill C-288 to Canadian families and business : Coût du projet de loi C-288 pour les familles et les entreprises canadiennes

17 Apr 2007

Section 3. In December 1997, Canada and 160 other members of of the Bill states that, “The purpose of this Act is to the United Nations Framework Convention on Climate ensure that Canada takes effective and timely action to Change (UNFCCC) met in Kyoto, Japan to conclude meet its obligations under the Kyoto Protocol and help a protocol to the Convention to limit emissions of address the problem of [...] Other G7 countries, with the exception of the UK, increased their imports of Canadian GHG Emissions Trends oil and gas over the same period, thereby effectively Canada’s Kyoto target for the 2008–2012 commitment exporting that portion of the emissions associated with period is a 6% reduction in GHG emissions relative to the production of the fossil fuels they consume. [...] The Cost of Bill C-288 to Canadian Families and Business 5 G. Analytical Findings The analytical findings present the general cost of calibrated to simulate the effects of a monetary policy the policy change to the economy as a whole and and exchange rate response to the economic impacts its key players (major economic sectors, including of the policy. [...] Independent indicator of the overall health of Canada’s economy, of any monetary policy reaction, this would likely trigger as it measures the market value of all the goods and a depreciation of the Canadian dollar, helping restore services produced in the Canadian economy (or the Canada’s competitiveness over time. [...] Given the limited volume of available project-based of whether or not this heavy use of international credits, over 60% of Canada’s international permit credits could be technically acceptable under the purchases would have to be AAUs.15 It is expected Kyoto Protocol, it is evident that this approach would that most of the AAUs available in the first likely not be consistent with the spirit and in
environment climate change politics environmental law economy greenhouse gas global warming natural gas monetary policy environmental policy natural resources economic growth environnement government policy environmental pollution greenhouse gas mitigation emissions trading clean development mechanism kyoto protocol tax economic sector joint implementation carbon tax gdp ghg emissions cdm ghg model kyoto the kyoto protocol gaz à effet de serre
ISBN
9780662458784
Pages
32
Published in
Canada

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