Meeting Canada's Subsidy Phase-Out Goal: What it means in Saskatchewan
Saskatchewan has taken steps to address its greenhouse gas emissions, most notably through the implementation of carbon capture and storage technology. This is definitely a step in the right direction in addressing climate change.
However, as long as fossil fuel subsidies and other financial supports exist, they will continue to challenge efforts to reduce emissions in Saskatchewan as well as meeting Canada’s G7 subsidy elimination target.This commentary takes a very preliminary look at consumer fossil fuel subsidies in Saskatchewan. Our initial research identifies roughly CAD 182 million in 2015 in the form of financial supports for the consumption of fossil fuels.
The supports for fossil fuel use identified here are a good place to start to look at reforms. They are not the only supports in place, and we also suggest increased transparency on the foregone revenue represented by the additional, unquantified items. Subsidy reform should be bundled with other policies that help affected industries and workers to adjust. Here the federal government will need to work closely with the provinces, including Saskatchewan.
You might also be interested in
COVID-19 Aid for Canada’s energy sector weighted towards fossil fuels
Federal energy and environment officials were warned in late April that Canada’s clean-tech sector was in danger as COVID-19 knocked the bottom out of the industry.
Remembering Sylvia Ostry, a Pioneering Winnipegger
The proud Canadian saw in IISD an organization prepared to take risks in pursuit of its mission, defy the status quo, and challenge accepted wisdom.
Doubling Down on Alberta's Oil and Gas Sector Is a Risk Canadians Can’t Afford to Take
There's no question that people across Alberta need urgent help. But is injecting tens of billions into oil and gas corporations the right kind of help?
The Time is Right for New, Low-Carbon Investments
Instead of a bailout for Canada's oil and gas sector, government and industry should pursue investments that will help develop new energy solutions and markets: IISD's Richard Florizone in The Hill Times.