Clean Prosperity

❄️ Happy Holidays from your friends at Clean Prosperity! Click on the link to our holiday card for a list of our favourite climate reads this year. We hope you’ll find a moment during this holiday season to sit back and enjoy one or two. We wish you a relaxing and joyful holiday season! 🔗 https://lnkd.in/g9XWbasK

We are so pleased to welcome Patricia Bood, BA, LLB, ICD.D, GCB.D of Puimac Consulting to our board of directors. Bood says our approach to climate policy "recognizes the critical importance of understanding business perspectives and encouraging market-based policy in driving towards a better future." https://lnkd.in/gTHuQzgs

📣 JOB ALERT: we are hiring a Director for Saskatchewan! This is a new role at Clean Prosperity, and a chance to have a major impact in shaping climate and energy policy in Canada. 🔗 Learn more and apply: https://lnkd.in/gVDQ8YUu

Greater access to capital and Indigenous-led solutions will get low-carbon projects built in Canada, says Harold Calla, executive chair of the First Nations Financial Management Board. "If we get this right, we can support environmental sustainability and respect the rights of Indigenous Peoples while driving economic growth," he says. 🔗 The Hub Canada op-ed: https://lnkd.in/g5WmmST2

We are so happy to welcome Chloe McElhone to the team! Chloe is a research manager focused on carbon markets policy. Before this, she worked with large emitters that are regulated under industrial carbon pricing programs, supporting their implementation of carbon policies.

"Canada’s low-carbon economy, underwritten by provincial carbon markets, is already generating massive, job-creating capital investments," says Brendan Frank in The Hub Canada today. But carbon markets are operating at just a fraction of their potential, he says. Read more👇 https://lnkd.in/gDvynukt

"The key to industrial pricing being effective is both that the price does gradually increase over time, and critically that industry players gain confidence that the system is going to be durable and be there for the long term," Michael Bernstein, executive director of Clean Prosperity, told CBC News. 🔗 Read more: https://lnkd.in/gcNGBd39

We are so pleased to welcome our newest research associate, Nicole Wirawan, to the team! Nicole's background is in research and technical consulting and she has prior experience at Canadian Nuclear Laboratories. Nicole is passionate about sustainability and decarbonization in the energy and resource industries. Welcome Nicole!

Ottawa could establish a financial transfer program to incentivize provincial emissions reductions, says Trevor Tombe in a new piece in The Hub Canada today. Provinces are responsible for many areas central to emissions reduction, including transportation, waste management, electricity generation, and public buildings. “Federal funding tied to emissions-reduction outcomes could help provinces tackle these challenges on their own terms,” Tombe wrote. The transfer program could be modelled after the carbon tax, but instead of penalties, it would provide subsidies. “[F]or every tonne of emissions avoided, there’s a payment,” he wrote. “The further a province's emissions fall below this benchmark, the more funding it receives.” Read more 👇 https://lnkd.in/gKVUUFJt

We're pleased to see the Ontario Government | Gouvernement de l’Ontario introduce the Geologic Carbon Storage Act, which enables regulation of commercial-scale carbon storage. ONresources | RichessesON says this could reduce emissions by 5-7 Mt/ year. We'll need ambitious climate policies to realize this goal. Our research found that Ontario has about 730 Mt of subsurface storage capacity. Significant investments are needed in order to address a meaningful share of the province's 31 Mt/year of industrial emissions using carbon capture and storage. https://lnkd.in/g4sP7RV9