To support the successful implementation of effective climate policy in Canada, we make the following recommendations:
The federal government should manage implementation risks by focusing its attention on the most critical policies. Canada has a limited window to execute policies to achieve the 2030 milestone. It cannot become mired in consultation and process for multiple policy endeavours. As a result, it should prioritize five specific policies that can deliver the bulk of material emissions reductions: a. Establish the carbon price schedule to 2030, and further strengthen and nationally align the benchmarks in the large emitter programs. b. Establish the oil and gas cap, paying close attention to the need for compliance flexibility, policy interactions with the large emitter carbon pricing programs, methane regulations, and the proposed CCUS tax credit. c. Develop the Clean Electricity Standard, and ensure it interacts effectively with large emitter carbon pricing. d. Update the Clean Fuel Standard and publish the regulation to the Canada Gazette as soon as possible. e. Set in motion land-use emissions reduction policiesnas quickly as possible.