Canadian report calls for national cap-and-trade scheme

The Canadian government should establish a national carbon pricing policy through an economy-wide cap-and-trade scheme, according to policy development committee, the National Round Table on the Environment and the Economy (NRTEE).

In a report released on April 16 entitled "Achieving 2050: A carbon pricing policy for Canada", NRTEE recommended the federal government move quickly to implement a carbon pricing policy to meet its greenhouse gas emission reduction targets for 2020 and 2050.

It proposed establishing an economy-wide cap-and-trade system across all jurisdictions, emissions, and sectors. The scheme should also allow for participation in international markets, according to the report, so Canadian firms and consumers