Successive federal governments have known what is going to be needed to send the market signals to reduce emissions to meet Canada's targets. Finally, we see a government act on that information and match policy with reduction goals. #cdnpoli #ableg https://twitter.com/JPTasker/status/1337448353387454464
This is basically PM Trudeau putting down a clear marker of what it takes to meet our targets for 2030 and beyond. If you want to promise more reductions, you're going to need even more stringent policies. Don't want policies this stringent? You won't meet the targets.
And, it's also a call to those setting net zero or net negative corporate goals. If you can drive your emissions down quickly, you're going to be at a competitive advantage. This is a put-up-or-shut-up moment for lot of emissions reduction tech cheerleaders.
And, to wrap this up, a little bit of disclosure: while I did not advise specifically on today's announced package (I learned details yesterday), I have provided advice on this file in general to the PM, to cabinet, and to ECCC officials over the past year.
You can follow @andrew_leach.
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