I spent some time at the OECD recently and updated a whack of folks on Canadian climate policy. I sat back and took stock of the global state-of-play. Apparently we are well ahead on policy design and implementation. The federal carbon price floor is step change to align prices to mitigate the longer-term risks of an inefficient provincial patchwork. But the federal floor is really just a complement to (mostly) serious provincial actions. There are of course headwinds, but

Download assessment of federal carbon price backstop here. The federation has normalized around a level of GHG policy effort that is delivering GHG reductions now. Our analysis points to a significant downward trend in Canada’s GHG pathway that was, just a year ago, seemingly unimaginable. With the federal announcement of a backstop carbon price, we can expect more. More GHG reductions, more innovation and more technology deployment. We can also expect more to come by focus