It's economic self-defense
As global climate rules tighten and US trade threats grow, Canada needs to protect its economic footing. Countries like the EU already use carbon border adjustments: tariffs on imports from countries that don’t price their pollution. If we don’t keep our own carbon price in place, we’ll have no defense. Pollution pricing is not just climate policy — it’s economic self-defense in a shifting global economy.
Climate change is already weakening Canada’s economy, with costs estimated to reach $25 billion in 2025.
Climate policy is industrial policy, business policy, and economic policy. Canada must step up to avoid being left behind in global markets, and to attract foreign investment from beyond the US. Jurisdictions worldwide are already seeking ‘clean energy advantages’ via low-carbon and lowest cost electricity systems.
Industrial carbon pricing is "a highly effective policy and supports national objectives in this new global environment. It’s a critical strategy for winning on emissions reductions, economic growth, interprovincial trade, and international competitiveness."
