This report complements the Achieving 2050: A Carbon Pricing Policy for Canada report by providing additional details on the analysis underpinning the conclusions in the Advisory Note. By integrating the research commissioned or developed by the NRTEE, including economic modelling, it illustrates the main Advisory Note’s grounding in credible and original analysis. The Technical Backgrounder also provides a useful policy design framework and reference tool for policy makers by identifying important design and implementation issues and the trade-offs between the main design options .
This report recommends a unified carbon pricing policy for Canada—a policy aimed at meeting one clear objective: the greatest amount of carbon emission reductions, at the least economic cost. Following more than a year of research and consultation, our report sets out what we believe is the most effective, realistic, and achievable carbon pricing policy for current and anticipated Canadian circumstances.