We examine the relative benefits of policy aimed at mitigating GHG emissions in Canada and globally. We find that while a carbon tax that holds the stock of global emissions below the 550 ppm level would yield positive net benefits for the world economy, the impact of such a tax on the Canadian...

Following high-profile United Nations climate summits in Glasgow and Paris, sub-national regions and cities are increasingly seeking to set climate targets and policies in line with the Paris Agreement's goals. Downscaled carbon budgets are a useful framework for setting local mitigation targets...