The Carney government’s renewed commitment to achieve net zero greenhouse gas emissions (NZE) by 2050, aided by the Alberta government, in the Canada-Alberta MOU could cost about $2.1 trillion in lost economic activity from business-as-usual (BAU) between 2025 and 2050 and lead to 351,000 lost jobs from BAU by 2050. These are among key insights based on my analysis of data drawn from a 2024 custom research project by Navius Research using its highly regarded gTech/IESD model.
Policy goals, such as Canada NZE 2050, need to be backed up with rigorous modeling and impact analysis. Unfortunately, the federal government does not appear to have provided sufficient updated information on Canada NZE 2050 to allow citizens to fully assess its economic and fiscal impact. I believe that the analysis presented here helps fill that critical void.
(Incognito)
