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Explore the impact of greenhouse gas emissions on Alberta's economy and sustainability. Learn about Canada's commitment to reduce emissions below 1990 levels and various mechanisms such as regulation, carbon taxes, and cap-and-trade.
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Business 201Lecture 5 October 7, 2010
Class Outline • Christi Miller, Canadian Youth Business Foundation • News Story of the Day - http://www.financialpost.com/news/Loonie+soars+greenback+swoons/3632773/story.html • Alberta Economy and Sustainability Continued • Focus on risks • Greenhouse gas emissions – various measures and Canadian experience: • : http://www.eia.doe.gov./oiaf/1605/ggrpt/ • FW: http://www.conferenceboard.ca/HCP/Details/Environment/greenhouse-gas-emissions.aspx • FW: http://www.ec.gc.ca/ges-ghg/default.asp?lang=En&n=0590640B-1#section4
Greenhouse Gas Policy Responses • Kyoto Protocol ( 1997)– commitments made by countries to reduce emissions below 1990 levels. Canada committed to 6% below 1990 levels by 2008-12 • What are some of the possible mechanisms to achieve reductions: • Regulation • Market based • Carbon taxes • Offsets • Caps • Cap and trade