Friday, October 24, 2008

Confusion about next steps in climate change hampers action - New study

A new report produced for TD bank Pembina Institute was released today.

New Report Takes Inventory of Greenhouse Gas Reduction Policies

TORONTO -- Action to reduce greenhouse gas (GHG) pollution in Canada is being hampered by a lack of analysis on the most efficient policies from an economic and environmental perspective, according to Don Drummond, Chief Economist at TD Bank Financial Group.

This has led to a reign of confusion with various factions arguing the relative merits of key policy options such as regulation, cap-and-trade and carbon taxation. Mr. Drummond said: "The uncertainty around this vital issue poses a serious cost as businesses have little idea how to factor future environmental policies into their planning."
You can read the report here.

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