Building A Green Economic Stimulus Package for Canada

Many Canadian policy-makers, politicians, and economists are intensely focused on developing credible, effective, and appropriate ways to protect and revitalize the Canadian economy. And environmentalists are encouraging policy-makers to recognize the current crisis as an opportunity to shift the economy on to more sustainable footing. Given the abundance of different positions, measures, and arguments in the debates surrounding potential economic stimulus instruments, there is a clear need for a consistent, logical framework to analyze and evaluate different approaches.

"Hybrid" Carbon Pricing

About the Author

Robert Joshi has eight years experience in the energy industry at the policy interconnection between energy, the environment and economics. Previous work experience includes economic modeling and regional analysis with the Bank of Canada, royalty forecasting and oil sands project analysis with the Alberta Department of Energy and strategic planning and regulatory analysis with EPCOR Utilities.

A Simple Approach for Bettering the Environment and the Economy

Restructuring the Federal Fuel Excise Tax

This report, by Jack Mintz and Nancy Olewiler, provides the rationale for this revenue-neutral tax proposal, and discusses how such environmental taxation can be useful in improving the overall tax structure to achieve cost-effective environmental protection. In short, converting the existing tax on vehicle fuels into a broader, environmentally based fuel tax, and using the revenues to reduce other taxes, could contribute to both a better environment and economy.

Pages

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.