Groundbreaking Study Shows Canada can Tackle Climate Change and Prosper Economically

An Economic Analysis Showing Canada can Prosper Economically While Doing its Share to Prevent Dangerous Climate Change.

Toznan, Poland – Canada can be a leader in tackling climate change and still experience strong economic and employment growth according to a groundbreaking study released today.

Deep Reductions, Strong Growth: An economic analysis showing Canada can prosper economically while doing its share to prevent dangerous climate change, shows that governments — and Ottawa in particular — can no longer argue fighting climate change means job losses and declining standards of living.

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

* 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.