January 19, 2016 – In its January 19th
editorial, The New York Times confirms Québec’s leadership and pioneering status
in the fight against climate change, citing the greenhouse gas (GHG)
cap-and-trade system for emission allowances it set up and linked to the
California system, thereby creating the largest carbon market North America. The
editorial is yet one more demonstration of the fact that the carbon market not
only reduces greenhouse gas emissions but also helps spur economic growth.
In the view of The
New York Times, the actions taken by Québec,
which is now positioned among the most active subnational jurisdictions in
North America in this domain and is an example worth following, deserve to be commended.
The carbon market remains the spearhead of Québec government action in the
fight against climate change, in addition to having a clear role in stimulating
the growth of the green economy. “I am thrilled to read the enthusiastic New York Times views on Québec and our
climate change efforts,” stated Minister Heurtel.
The Québec-California carbon market is eliciting
growing interest worldwide. Ontario, Manitoba and several northeastern U.S.
states have shown interest in following this example in setting up a regional
cap-and-trade system for greenhouse gas emission allowances. Worth recalling: Québec,
along with Ontario, recently received the Carbon Pricing Champion Award for its
signal commitment to carbon pricing.
The New York Times
notes that carbon pricing is a strong contributor to economic growth. Moreover,
Québec has adopted GHG emission reduction targets of 20% below 1990 levels by
2020, and 37.5% by 2030, which are among the most ambitious in Canada.
“Acting on climate change, and in particular through
the carbon market, is a true motor for development and an opportunity for innovation
and for stimulating the economy in sustainable ways that must be seized. All
the efforts made here and elsewhere on Earth are essential if we are to
preserve our gains. We can fight climate change together to ensure a better
quality of life and a healthy planet for our children. Let’s do it for them!” the
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