Canada's Green Economy Fact Sheet

Want to learn more about Canada's Green Economy through the latest statistics and figures? This fact sheet has statistics that show how global markets for clean technologies, products and services are growing, how Canada's share of environmental goods markets is declining, and how by improving Canada’s environmental performance our country will see long-term savings & growth.

Linking Natural Capital and Productivity - The Rationale for Building an Environmentally Adjusted Measure of Productivity

This paper serves as the foundation for a two-year policy and research project titled “Linking Natural Capital and Productivity: A Strategy to Improve Canada’s Economic and Environmental Performance.” 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.

Gauging the Role of Energy Substitution in Transitioning to Low-Carbon Economies

Changing our energy sources is fundamental in moving towards a low-carbon economy. Changes in the prices of different energy sources are one reason we substitute away from one source in favour of another. Recent analysis focuses on how the choice of energy inputs responds to change in relative price using an unconventional approach in which simulated future data is used instead of historical data in order to gauge energy price responsiveness.

British Columbia’s Revenue-Neutral Carbon Tax: A Review of the Latest “Grand Experiment” in Environmental Policy

In 2008, British Columbia implemented the first comprehensive and substantial carbon tax in North America. By 2012, the tax had reached a level of C$30/t CO2, and covered approximately three-quarters of all greenhouse gas emissions in the province. This paper reviews existing evidence on the effect of the tax on greenhouse emissions, the economy, and income distribution as well as provides new evidence on public perceptions of the tax.

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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.