Will governments or markets drive Canada’s energy transition?

Governments should resist the siren song of being too hands-on in the direction of specific sectors or technologies, and focus instead on addressing the market failures that are obstacles for low-emissions investment.

Environment Minister Steven Guilbeault and the Canadian government should focus on improving its pricing and regulatory foundation, and only turn to subsidies and tax credits to address those areas where carbon pricing is ineffective, write Christopher Ragan and Rachel Samson. The Hill Times photograph by Andrew Meade

Opinion

BY CHRISTOPHER RAGAN, RACHEL SAMSON

March 22, 2023

As the federal government prepares to unveil its 2023 budget—and especially its response to the hundreds of billions of dollars the American government has committed to addressing climate change—it should remember that Canada’s best chance of economic and emission-redu...

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