The report sharply criticizes the Progressive Conservatives’ decision to repeal the former Liberal government’s cap-and-trade program to limit greenhouse gas emissions. Under the program, a cap was set on greenhouse gas emissions that allowed companies to sell credits if their emissions fell below certain limits.
“A meaningful climate law needs science-based emissions budgets, a legal obligation to stay within those budgets, and credible, transparent progress reporting,” Saxe said, adding the government could look towards things like polluter-pay tools and low-carbon solutions.
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