A net-zero target compels a backward induction approach to climate policy

A net-zero target compels a backward induction approach to climate policy

Jurisdictions worldwide increasingly affirm their contributions to the Paris Agreement by pledging net-zero targets. We argue that delivering on net-zero targets compels a backward induction approach to climate policy, which stipulates that maximizing credibility should be the objective of policy pathways design. This implies choosing policies that strike a suitable balance between building commitment and attaining cost efficiency. Our argument …

Canada needs net-zero industrial policy to address tariffs—not a short-term resource export boom

Net-zero industrial policy involves proactive government planning to identify Canada’s competitive advantage in value chains of the future.