How $200 Billion in Liberal Climate Change Spending Became a Missed Opportunity: Insights from Goldstein

The Liberal government has committed over $200 billion to combat climate change. But how effective has that money been in reducing Canada’s greenhouse gas emissions?

The short answer is—it hasn’t been very effective. A detailed review reveals some troubling trends. For instance, an audit by Karen Hogan, the federal auditor general, highlighted significant issues in the now-defunct $1 billion Sustainable Development Technology Fund. Out of a sample of projects, there were 90 instances where conflict-of-interest rules were broken when awarding contracts worth $76 million. Additionally, $56 million was funneled toward projects that shouldn’t have qualified.

Last year, federal environment commissioner Jerry DeMarco noted a key problem: The government’s lack of transparency. This makes it hard for citizens to trust claims that Canada will cut emissions by 40% to 45% below 2005 levels by 2030. With 149 measures to reduce emissions overseen by 13 departments, the government’s strategy promises a reduction of 36.2%. However, achieving even that target seems unlikely without drastic action.

From 2015 to 2023, Canada’s emissions only decreased by 8.5% compared to 2005 levels, meaning the government has only made 21.25% of the progress needed. To meet its target of 455 million tonnes by 2030, Canada would need to cut emissions significantly—239 million tonnes. That’s the same as wiping out all emissions from both the transportation sector and building sector combined.

To reach an interim goal of reducing emissions to 20% below 2005 levels by 2026, Canada needs to cut emissions by 87 million tonnes by next year—more than the entire heavy industry sector produces in 2023.

DeMarco’s analysis showed mixed results for the 149 measures designed to reduce emissions. Only 9 out of 20 were on track to meet their targets. Plus, some measures appeared redundant, with multiple programs funding the same initiatives, raising concerns about counting the same reductions twice.

Interestingly, Canada ranks the lowest in emissions reduction among G7 countries. The U.S., for example, has never implemented a national carbon tax but reduced emissions nearly twice as fast as Canada.

In summary, despite the hefty investment and ambitious goals, Canada’s efforts to cut greenhouse gas emissions remain far from successful. The data paints a challenging picture, and experts are urging more accountability and transparency in the government’s plan. To dig deeper into the findings of Canada’s emissions strategies, consider visiting trusted sources like the Government of Canada’s emissions reports for more in-depth insights.

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