Earth Day: A new chapter in the Canadian climate change conversation

The author outlines three priorities for Canada's post-election climate strategy: improving affordability through energy-efficient technologies like heat pumps, maintaining economic competitiveness against global decarbonization trends and carbon border tariffs, and protecting communities from the increasing financial and health costs of extreme weather disasters.

• Transitioning to energy-efficient electric technologies can lower costs for Canadians, with average household energy spending projected to drop by 12 per cent by 2050. Heat pumps are noted as being more cost-effective than gas heating and air conditioning in most parts of Canada.
• Canada faces economic risks if it does not align with global decarbonization trends, as major trading partners like the European Union and the United Kingdom are implementing carbon border tariffs. The author suggests industrial carbon pricing as a tool to reduce these tariff costs and retain revenue domestically.
• Extreme weather is causing escalating financial losses in Canada, with insured climate damages exceeding $8.5 billion last year, surpassing the previous record of $6 billion in 2016. The Canadian Climate Institute estimated that by 2025, climate change damages would reduce the Canadian economy by $25 billion compared to a stable-climate scenario.
• Global clean energy investment is significantly outpacing fossil fuel investment, with the International Energy Agency expecting clean energy investments to reach $2 trillion in 2024 and predicting that global fossil fuel demand will peak before 2030.

APA

Canadian Climate Institute (2025). Earth Day: A new chapter in the Canadian climate change conversation. https://climateinstitute.ca/earth-day-new-chapter-canadian-climate-change-conversation/

Chicago

Canadian Climate Institute. Earth Day: A new chapter in the Canadian climate change conversation. 2025. https://climateinstitute.ca/earth-day-new-chapter-canadian-climate-change-conversation/.

Wikipedia

{{cite press release |author=Canadian Climate Institute |title=Earth Day: A new chapter in the Canadian climate change conversation |date=24 April 2025 |url=https://climateinstitute.ca/earth-day-new-chapter-canadian-climate-change-conversation/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{canadianclimateinstitute2025earth, author = {{Canadian Climate Institute}}, title = {{Earth Day: A new chapter in the Canadian climate change conversation}}, publisher = {Canadian Climate Institute}, year = {2025}, month = apr, url = {https://climateinstitute.ca/earth-day-new-chapter-canadian-climate-change-conversation/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }