Canada’s transition to net zero emissions
Canada has an ambitious plan to reduce the economy’s net emissions to zero by 2050.
This will require a step change in mitigation action, with deep energy savings and
near economy-wide replacement of fossil fuels with clean energy. Achieving this while
minimising negative impacts on activity and living standards will be challenging.
Canada is already using a range of policy instruments to propel its green transition
– including carbon pricing, regulations, investment incentives, and public procurement
of green technology. This Paper explores reforms that could make climate policies
work better together to lock in both deep emissions reductions and strong economic
growth. As with important efforts to prepare communities for the impacts of climate
change, Canada’s provinces and territories will play a key role in the country’s green
Published on May 26, 2023
In series:OECD Economics Department Working Papersview more titles