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Canada’s Road to Net Zero: The $2 Trillion Transition

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December 3, 2021

The latest Intergovernmental Panel on Climate Change (IPCC) Report highlighted the importance of taking action to address climate change and to get to net zero emissions by 2050.  And the latest COP-26 meeting in Glasgow underscores the importance of getting every country involved in the fight.

Canadians must play our part.  Currently, Canada emits roughly 730 million tonnes of carbon dioxide and equivalent greenhouse gases each year – the 10th largest emitter in the world.   The federal government has committed to getting Canada back to around 500 million tonnes by 2030 on the way to net zero by mid-century.

RBC in its report The $2 Trillion Transition: Canada’s Road to Net Zero maps out some of those pathways, as well as the investments and policies needed to achieve net zero. They use a range of established modelling on the emissions of major sectors, and the potential of breakthrough technologies, behavioural changes and improvements in industrial and agriculture processes. The aim is to project out, over 30 years, what the estimated long-term costs and benefits could be, understanding that many uncertainties exist around climate, technology and behavioural trends and such forecasts will continue to evolve.

Join Colin Guldimann of RBC Economics as he walks us through RBC’s report to explain the necessary changes to help Canada hit its net zero goal, and answer participants’ questions.

 

This webinar is part of TABE’s series on Canada’s Path to Net Zero

See also:
Net Zero and Ontario’s Energy Sector
The Economics of Climate Change in Canada: Thinking About Mitigation, Adaptation, and Clean Growth

 

Resources

RBC’s report:  The $2 Trillion Transition: Canada’s Road to Net Zero
Download the slides in PDF format: Canada’s Road to Net Zero – the $2 Trillion Transition

 

Guldimann_Colin_hs_1 Economist, Royal Bank of Canada Colin Guldimann

Colin joined RBC in 2019 as an economist, working primarily on issues related to the public sector, energy, and climate change. Prior to joining RBC, Colin worked on mortgage, housing, and economic policy at the Department of Finance Canada. He holds a Bachelor’s degree in Economics from the University of Ottawa, and Master of Arts in Economics from the University of British Columbia.

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