What will the
new plan cost Canada and Canadians? That is a difficult question.
Kyoto provides
an opportunity to buy credits from outside Canada. Our federal government
expects these will be available at a low cost of about $10/tonne. That
possibility could keep the overall cost low while allowing increased
emissions in Canada.
The costs of
buying credits and increasing efficiency are offset to some degree by reduced
fuel use.The most costly case
analyzed reduces GDP by nearly 2%.The
experts doing the analysis compared that with Canada's trillion-dollar
economy and deem it a minor impact relative to expected growth.