The global low-carbon transition is accelerating. Canada, the European Union, and China (and potentially the US under a Biden presidency) have all pledged to achieve net-zero emissions by mid-century. Investors are starting to incorporate climate change into decision-making. Technology costs are coming down, accelerating the transition.
Canada as a country faces risks and opportunities in this future, and some provinces are better positioned than others to take advantage and even thrive in the new low-carbon reality. Which ones are ready? We draw on data from our new report, 11 Ways to Measure Clean Growth, to answer this question.
All provinces have made progress, but some are moving faster than others
The good news: Canada as a whole is managing to separate economic growth from greenhouse (GHG) emissions, which shows it’s possible to strengthen our economy and address climate change. But progress isn’t evenly distributed (Figure 1). Here are a few ways we can measure it.
Figure 1: Separation of provincial GDP and GHG growth, 2005-2018