Nicholas Rivers: Higher Carbon Prices Necessary to Achieve Emission Targets

To meet its commitments to reduce greenhouse gases by 30% by 2030, Canada must review its climate policies in 2022. An article published by The Globe and Mail cited Nicholas Rivers and Randall Wigle to demonstrate how meeting Canada's emissions targets will be expensive, whatever the federal and provincial policies adopted. Nevertheless, Rivers suggested that an increase in carbon prices would be the most cost-effective – although perhaps less politically and geopolitically feasible – of all possible measures.

Nicholas Rivers is a 2008 Trudeau scholar, an associate professor at the Graduate School of Public and International Affairs of the University of Ottawa, and the Canada research chair in climate and energy policy. Read the article here.