Five ways to build a low-carbon, high-octane Canadian economy

Justin Trudeau will join world leaders at next week’s Paris Climate Summit to chart a course to a low-carbon future. The most advanced nations aren’t waiting. They are hard at work building cleaner, more innovative economies to compete in a changing global marketplace – one that will reward countries and companies that find new ways to generate wealth and jobs with less impact on the planet.

Op-Ed: Growing Ontario’s green economy

As the Paris Climate Summit approaches, there is growing global consensus that achieving a low-carbon economic future is critical for the continued viability of our planet. It is one of the foremost challenges and opportunities of this century – for Ontario, for Canada and for the world.

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About the Project

The goal of this project is to shed light on the relationship between economic activity and the environment by exploring the linkages between changes in our natural capital and our measures of productivity generally, and through the construction of an environmentally adjusted measure of productivity specifically.

While it is now commonly accepted that economic activity and the state of our environment are linked, many economic measures still fail to incorporate the environment – both the things we draw from it and the pollution we release into it. By developing and calculating measures of productivity that include natural capital, Canada may be able to better understand these linkages. This, in turn, may lead to the identification of strategies that can help Canada become more efficient and innovative in the use and protection of natural capital, and thus more productive and more prosperous.

Using the forestry sector as a case study, this project aims to construct an environmentally adjusted measure of multifactor productivity. In doing so, we aim to add another layer of understanding to the environmental and economic performance of this sector. The proposed measure will have relevance to the Canadian economy as a whole.