Environmental Policy - Cap-And-Trade V2 Essay

4775 WordsMar 9, 201220 Pages
Environmental Policy Canada’s Cap & Trade System TABLE OF CONTENTS I. INTRODUCTION 3 II. THESIS STATEMENT 3 III. RATIONALE AND SUPPORTING EVIDENCE 4 IV. DISCUSSION OF NORMATIVE APPROACH 5 V. DISCUSSION OF POSITIVE APPROACH 6 VI. ECONOMIC ANALYSIS 9 VII. IMPACT ON CANADAIN BUSINESSES 12 VIII. CONCLUSION AND RECOMMENDATIONS 14 REFERENCES 16 I. INTRODUCTION For this next session of parliament; as Minister for Environment, my cabinet proposes developing an environmental policy and legislation on a national cap and trade system which involves a great deal of research, consultation, analysis and time depending on the complexity of the issues and the impact it has on the ministry’s stakeholders. The federal government should assume more of its constitutional jurisdiction over the environment and create a more integrated federal-provincial framework to deal with environmental issues in an increasingly globalized world. Because the environment is such a broad and diffuse issue area, many actors are involved in the policy process with varying interests. Industry and the private sector provide employment and seek to maximize profits, while environmental NGOs privilege environmental protection over economic growth (Cederwall & Grebovic, 2011). However, even with provincial opposition there are prospects for implementation. Legally, it is possible for two regimes with overlapping rules to function, albeit with less efficiency than one integrated system. Whether the two levels of government choose to cooperate or simply create two overlapping and potentially redundant bureaucracies will have large implications for the transaction costs and resources that go into meeting Canada’s GHG targets (Allan & Baylis, 2006). After substantive economic analysis, a recommendation from my cabinet has been identified in preparation for the next session of

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