The Macroeconomic Impacts of Fiscal Policy Promoting Long-term Decarbonisation in Canada-Final Report
The Macroeconomic Impacts of Fiscal Policy Promoting Long-term Decarbonisation in Canada-Final Report
Description
In April 2003, the National Roundtable on the Environment and the Economy (NRTEE) launched Phase II of its Ecological Fiscal Reform (EFR) program. The objective of Phase II is to “develop and promote fiscal policy that consistently and systematically reduces energy-based carbon emissions in Canada, both in absolute terms and as a ratio of GDP, without increasing other pollutants”. This report provides a qualitative analysis the possible macroeconomic impacts of fiscal policies arising out of three case studies prepared for the NRTEE seeking to promote long-term “decarbonisation” through increased use of hydrogen, energy efficiency and renewable power. The findings of this study will be incorporated into the NRTEE’s final State of the Debate report.
