Africa stands at the threshold of a tremendous opportunity: its economies are seeking to shift to higher productivity sectors which can boost prosperity and drive developmental goals. At the same time, the right kind of economic transformation can also ensure that Africa’s growth is sustainable and resilient in the face of the increasing impacts of climate change.
This report offers key insights for policy makers seeking to deliver better growth and a better climate in African countries. It aims to help decision-makers take stock of the region’s recent experiences and draw lessons for the future. In particular, it seeks to crystallise ideas on how to harness the forces of economic, social and environmental change to accelerate inclusive and sustainable development across the region.
For Africa to achieve this better growth, the report identifies five action areas for governments to consider as they formulate development strategies and action plans for the future. These are:
Moving to a low-carbon future will create challenges for Canada's fossil-fuel industries, but opportunities in the form of a new market for low-carbon goods and services. The challenges for the resource sector will vary across commodities. Competition in the new market for low-carbon goods and services will be tough; sustained competitive advantage will be difficult to maintain due to capital mobility. With these challenges in mind, this article proposes three questions for Canadians looking ahead to a low-carbon future. First, how large will the market for low-carbon goods and services be? Second, where are Canada's advantages likely to lie in serving these markets? Finally, what are the roles for Canada's existing natural-resource industries in a low-carbon economy, and what are the strategies to maximize the value of these resources?
Economists have long embraced the idea that services provided by nature have inherent economic value. Ecologists, other scientists, and many in the environmental advocacy community have more recently come to focus on the connection between natural systems and economic value. The broadening interest in the economic value of nature over the last two decades led to the emergence of the interrelated and now commonly used terms ecosystem services and natural capital. To inform Canadian policy, this paper discusses some of the efforts that have been enacted elsewhere, with particular emphasis on those in the United States, and why some have been more successful than others.
This paper makes four basic points about movement toward a low carbon economy in Canada: first, that it is important for political leaders, policy analysts, and researchers to approach the issue in terms of a transition to a carbon-emission–free society; second, that in Canada the development of regional pathways to a low-carbon economy is crucial; third, that we need “green development strategies” if we are to maximize the opportunities presented by this transition; and finally, that we should think about low-carbon politics as well as low-carbon economics.
The study presents an in-depth analysis of carbon markets in the USA and presents a model to offer comprehensive inquiry. The model takes inputs – including policy interventions and certain assumptions like population trends, GDP growth and energy prices – and generates outputs related to investment required, policy-induced avoided costs and added benefits in areas like employment and performance against secondary targets related to energy consumption and emissions. It also includes several variables across sectors and thematic domains.
In addition to summarizing these data in a user-friendly presentation, the study includes original research insights revealing tangible policy, investment and business trends. This study provides the most comprehensive overview to date for market actors to better "connect the dots" between INDCs and their impacts on investment portfolios, business operations, and national policy making.