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The Economics of Climate Change in Canada: Thinking About Mitigation, Adaptation, and Clean Growth

October 21, 2021


The latest IPCC report has again shed light on the risk to current and future prosperity posed by weather-related disasters and slow onset climate changes such as shifts in temperature and precipitation patterns. In Canada in the last five decades, the damage associated with weather-related storms alone has risen from tens of millions of dollars to billions of dollars annually. To reduce risks, Canada must do better at building resilience to the impacts of climate change. At the same time, Canada has made significant efforts to reduce carbon emissions to help stem future climate damage both at home and globally. Now, with a new emissions goal of net zero by 2050, Canada needs to better understand the many energy and technology pathways for achieving this goal. Clearly, the journey ahead is not straightforward and is fraught with uncertainty. Which policy options make sense from an economic and distributional perspective, and what are the trade-offs? Which sectors and regions are at risk, and what are the clean growth opportunities? Dave Sawyer and Renaud Gignac, both economists at the Canadian Institute for Climate Choices, will discuss emerging learnings from the Institute’s mitigation, adaptation, and clean growth research.



Download the slides in PDF format:  TABE Webinar – The Economics of Climate Change in Canada


Staff_DaveSawyer-300x300 Principal Economist, Canadian Institute for Climate Choices Dave Sawyer

Dave Sawyer is a leading environmental economist with a twenty-nine-year track record in solving policy challenges for sustainable development in Canada and around the world. He has held positions with Environment Canada, Canada’s Commissioner of Environment and Sustainable Development and leading Canadian consultancies. He was Vice-President for Climate, Energy and Partnerships with the International Institute for Sustainable Development’s (IISD). He is currently a School Fellow at Carleton’s School of Public Policy and an Executive in Residence with the Smart Prosperity Institute at the University of Ottawa. He is currently the principal economist at the Canadian Institute for Climate Choices and runs EnviroEconomics, an economics consultancy.

renaud Senior Research Associate, Canadian Institute for Climate Choices Renaud Gignac

Renaud Gignac is a climate policy expert with seven years of experience spanning across government, the private sector, academia and non-profit organizations. An economist and a lawyer by training, he previously worked as Climate Policy Advisor for the Quebec Ministry of the Environment and the Fight against Climate Change, and is the author of Quebec’s first carbon budget in 2013. Renaud holds a Master’s degree in Economics and a Bachelor of Laws. He is a member of the Quebec Bar, of the Quebec Association of Economists, and of the Canadian Society for Ecological Economics.

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