Economics

The Pembina Institute has published their recommendations for a green economic stimulus package. In the publication, Pembina identifies four principles that are "integral to a stimulus response that ensures the future resilience of our economy":

1. Priority should be given to funding that supports employment opportunities that are resilient to future economic shocks and disruption as the world seeks to limit warming to 1.5 degrees Celsius.
2. Investments that support the development of industries and businesses producing low- and zero-carbon goods and services should be prioritized to grow the foundation for Canada’s low-carbon economy and secure our domestic supply chain.
3. Investments in industry should incent decarbonization efforts that go beyond existing regulatory requirements.
4. Where possible, all stimulus and relief decisions should be made through the lens of Canada’s ability to meet its climate commitments.

While financial relief for impacted Canadians should be immediate and widereaching, economic stimulus interventions, if designed with climate and economic resilience in mind, represent an extraordinary opportunity to simultaneously boost the economy in the short term and make a down payment on a prosperous, resilient future.