How analysts say Canada could wipe out the CO2 emissions of its entire economy

By Pamela Heaven
The Financial Post
February 26, 2024
Category: Carbon, Climate & Bioenergy
Region: Canada, International

Canada’s efforts to reduce greenhouse gas emissions have been laudable, but there is a way we could do so much more, says a report from National Bank of Canada. So far efforts have been largely focused within our boundaries, but considering that Canada is responsible for less than 1.5% of global emissions, these efforts could be for naught because other countries are increasing emissions by a far greater magnitude. …Canada once said that there was no business case for meaningful increases in LNG exports to support Germany and Japan, but National analysts hope India could be a different story. India recently announced plans to double its coal production by 2030, which National estimates would increase its power sector emissions from coal to roughly the equivalent of Canada’s entire greenhouse gas emissions in 2021. National says there is a better way even if it means supplying India with a fossil fuel alternative.

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