Microeconomics,, 16th Canadian Edition

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most countries, including Canada, are considering implementing over the
near future to achieve these targets.


Climate change is a global challenge. Complex negotiations between a
large number of developed and developing countries are required to
reach binding agreements regarding the reduction of global greenhouse-
gas emissions.


Mark Garten/United Nations Photo Library


Coherent Climate Policy


Any coherent and effective policy directed at reducing greenhouse-gas
emissions is likely to incorporate two central elements: a policy that, first,
places a price on GHG emissions and that, second, provides strong public
support for technological development. Both elements can work to reduce
the GHG intensity of our energy.


A Price on GHG Emissions

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