Matthew E. Kahn, USC Dornsife College of Letters, Arts and Sciences
Human behaviors shift. Policies change. New technology arrives and evolves. All those changes and more are hard to predict, and they affect tomorrow’s costs.
Renewable energy is expanding at a record pace, but still not fast enough. Here are the key areas to watch for progress in bringing more wind and solar into the power grid in 2022.
Humanity’s biggest challenges are not technical, but social, economic, political and behavioural. Effective actions are still possible to stabilise the climate and the planet, but must be taken now.
Canada must move away from using fossil fuels, but a transition that comes too fast could harm the economy. Policy-makers must strike a balance between energy security and economic growth.
Reach net zero requires policies spanning energy, industry, transport, agriculture, land use, even trade. Climate change is a whole-of-government issue. It’s every minister’s problem.
The goal of carbon neutrality changes everything. Canada can no longer limit itself to solutions that partially reduce emissions here and there. The chosen solution must be zero emissions.
Major international donors, including the US and UK, are pledging to stop funding fossil fuel projects overseas, but they aren’t making the equivalent cuts at home.