{"id":2627,"date":"2024-12-10T16:50:05","date_gmt":"2024-12-10T03:50:05","guid":{"rendered":"https:\/\/principaleconomics.com\/en-ca\/?p=2627"},"modified":"2026-01-20T20:33:06","modified_gmt":"2026-01-20T07:33:06","slug":"the-governments-second-emission-budget-economic-environmental-and-social-impacts","status":"publish","type":"post","link":"https:\/\/principaleconomics.com\/en-ca\/the-governments-second-emission-budget-economic-environmental-and-social-impacts\/","title":{"rendered":"Climate Policy, Trade, and Growth\u2014What Changes and Who Pays"},"content":{"rendered":"<h4>We applied our economy\u2013energy\u2013emissions framework to a national emissions budget, showing how targets translate into sector outcomes, investment, prices, and equity\u2014an approach useful for Canada&#8217;s federal, provincial, and municipal decisions. <\/h4>\n<h4>This summary highlights what a full emissions-budget analysis can deliver: credible forecasts of emissions by sector and technology, economy-wide impacts (GDP, jobs, prices), investment split between compliance and capacity, and the distributional effects across households and industries. The work was recently completed for a national programme and demonstrates the same modelling capability we bring to provincial data, policies, and market linkages with the United States:<\/h4>\n<ul>\n<li>\n<h4>Targets to levers: Links carbon prices, benchmarks, standards, and subsidies to sector and technology outcomes.<\/h4>\n<\/li>\n<li>\n<h4>Physical + macro outputs: Reports both physical units (e.g., MWh, bbl\/day) and macro indicators, with clear attribution.<\/h4>\n<\/li>\n<li>\n<h4>Investment &#038; capital stock: Tracks additions, retirements, and productive capacity\u2014what changes, when, and at what cost.<\/h4>\n<\/li>\n<li>\n<h4>Distributional lens: Shows incidence across household groups and trade-exposed industries.<\/h4>\n<\/li>\n<li>\n<h4>Trade realism: Captures Canada\u2013U.S. linkages (Midwest, Gulf Coast, Pacific Northwest) so results reflect real markets.<\/h4>\n<\/li>\n<\/ul>\n<h4>Our extensive modelling of the government policies provides a comprehensive database for various policy and investment assessments as well as the ESG planning. For further information refer to our latest article <a href=\"https:\/\/principaleconomics.com\/en-ca\/esg-planning-using-evidence-base\/\">here<\/a>.<\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Budget decisions are inter-related with impacts across a wide range of industries and communities. Our recent report informed the final Second Emission Budget decision.<\/p>\n","protected":false},"author":1,"featured_media":2629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"content_type":[21],"industry":[39,22,23,25,28],"class_list":["post-2627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","content_type-publications","industry-economic-impact-assessment","industry-energy","industry-enviroment","industry-infrastructure","industry-transport"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/posts\/2627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/comments?post=2627"}],"version-history":[{"count":14,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/posts\/2627\/revisions"}],"predecessor-version":[{"id":4665,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/posts\/2627\/revisions\/4665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/media\/2629"}],"wp:attachment":[{"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/media?parent=2627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/categories?post=2627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/tags?post=2627"},{"taxonomy":"content_type","embeddable":true,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/content_type?post=2627"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/principaleconomics.com\/en-ca\/wp-json\/wp\/v2\/industry?post=2627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}