Canada needs a green stimulus plan

Op-ed by Stewart Elgie and Alan Nymark. In the Chinese language, the symbol for crisis includes both danger and opportunity. That same approach should guide Canada in responding to the current economic crisis.

We must green the market

Op-ed by Thomas Homer-Dixon and Stewart Elgie on how everywhere we look, the prices of goods don't reflect the true environmental costs of their production.

Bold Interventions

Jack Mintz, Palmer Professor of Public Policy, University of Calgary, measures the Liberal’s proposal against the existing Conservative policy.

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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.