Reducing our GHG emissions without killing the economy

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There’s been a lot of talk about how the current financial/economic crisis will impact measures, here and abroad, aimed at tackling global warming. Worries abound that climate change has been pushed onto the back burner again, even as emissions of greenhouses gases remain on the rise, especially in Canada.

Interestingly, a new study was released last week showing that Canada can combat climate change all the while ensuring its economic prosperity.

The study was commissioned by the Pembina Institute and the David Suzuki Foundation, with modelling by M.K. Jaccard and Associates Inc. Key findings:

  • Canada’s economy can still grow by almost 20% in the next decade while the country reduces its greenhouse gas pollution to 25% below the 1990 level
  • Canada will continue to enjoy strong net job growth.
  • Meeting the 25% reduction target requires a significant price on carbon pollution as well as targeted regulations and investments to expand the use of clean technology.
  • By 2020 Canadians will save more than $5.5 billion each year at the gas pump because of more efficient vehicles, more public transit and shorter commutes.

The report even takes into account continued development in the oil sands.

The report was released as delegates from around the world confer in Poznan, Poland for the 14th meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change, to discuss how to replace Kyoto when it expires in 2012.