Canada's Climate Plan

The Canadian Climate Institute asserts that Canada now possesses a credible climate plan capable of meeting its 2030 targets. The centerpiece of this strategy is a nationwide carbon price projected to reach $170/tonne by 2030, which the Institute claims minimizes overall economic costs while driving low-carbon innovation. The plan includes output-based pricing to maintain industrial competitiveness and quarterly rebates to ensure household affordability. While the document notes the inclusion of regulations for fuels, vehicles, and electricity, it identifies the lack of a national adaptation strategy as a current gap in the overall strategy.

• Canada's climate plan is considered credible and consistent with its targets, with modelling from Environment and Climate Change Canada indicating that the combined policies will result in emissions reductions in 2030 that exceed the current target.
• A central element of the plan is a nationwide carbon price that will increase by $15/tonne per year, reaching $170/tonne by 2030. This approach is supported by the Parliamentary Budget Office, Clean Prosperity, Canada’s Ecofiscal Commission, and the Canadian Climate Institute's principal economist.
• The carbon pricing strategy is designed to minimize macroeconomic costs and maintain industrial competitiveness through "output-based carbon pricing," which incentivizes emissions reductions without reducing production. The government is also exploring "border carbon adjustments," particularly in coordination with potential moves by the United States.
• To ensure the plan remains affordable for households, the government provides quarterly rebates that offset carbon costs; these rebates are expected to increase as the carbon price rises, resulting in net benefits for the lowest-income Canadians.
• Despite the strengths of the emissions reduction plan, the document identifies a significant gap in the strategy: the absence of a completed national adaptation strategy to address the impacts of a warming climate on health, infrastructure, economy, and society.

APA

Canadian Climate Institute (2020). Canada's Climate Plan. https://climateinstitute.ca/canadas-climate-plan/

Chicago

Canadian Climate Institute. Canada's Climate Plan. 2020. https://climateinstitute.ca/canadas-climate-plan/.

Wikipedia

{{cite press release |author=Canadian Climate Institute |title=Canada's Climate Plan |date=11 December 2020 |url=https://climateinstitute.ca/canadas-climate-plan/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{canadianclimateinstitute2020canadas, author = {{Canadian Climate Institute}}, title = {{Canada's Climate Plan}}, publisher = {Canadian Climate Institute}, year = {2020}, month = dec, url = {https://climateinstitute.ca/canadas-climate-plan/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }