Policy solutions to help Canada prosper in a low-carbon world economy
NEWS
October 22, 2024: The Commission on Carbon Competitiveness today released its first two reports, featuring recommendations to governments on how to help Canadian industry build its competitive edge while reducing emissions and remaining internationally competitive. Read the press release to learn more.
- Report #1: Assessment of Carbon Competitiveness in Canada’s Heavy Industrial Sectors
The Commission’s first report identifies the unique competitiveness challenges faced by specific Canadian industries as they work to reduce their emissions. The status quo is not an option: all of them will need to lower their carbon footprints if they hope to compete globally and attract investment in a world that increasingly cares about the carbon embedded in traded goods. - Report #2: Policies to Achieve Industrial Decarbonization in Sectors Facing Competitiveness Risks
The second report makes recommendations to policymakers on how best to support industrial decarbonization, while ensuring that production doesn’t leave Canada for jurisdictions with less ambitious climate policies — a phenomenon called carbon leakage.
How will Canadian industry prosper in a decarbonizing global economy?
For a small, open economy like Canada’s that depends on international trade to support our way of life, this is a critical and urgent question.
The Commission on Carbon Competitiveness (C3) is studying the problem in close consultation with industry leaders.
C3 will work with Canada’s federal and provincial governments to develop policy solutions.
C3 aims to help Canadian industry:
- Remain globally competitive as the world decarbonizes
- Reduce greenhouse gas emissions
- Attract new low-carbon investment
- Develop long-term competitive advantages in emerging low-carbon industries
Introducing C3
Learn about the Commission’s starting points and objectives in this brief explainer.