OTTAWA – The Mining Association of Canada (MAC) and its members have issued principles addressing climate change issues, including carbon pricing.
MAC’s Principles for Climate Change Policy Design document recommends the following:
- Establish a broad-based carbon price that is applicable to all sectors of the Canadian economy.
- Be revenue neutral by investing revenues generated through carbon pricing into the development of lower emission technologies and to ensure a level playing field for trade-exposed industries that are emission intensive.
- Address competitiveness and carbon leakage concerns across all sectors to prevent declines in investment, employment, tax revenues and trade.
- Be predictable, flexible and sensitive to changing economic conditions and geographic circumstances, to enable consumers and industry to adapt and to treat regions fairly.
- Be simple, complementary and effective to ensure that a national climate change regime works in tandem with existing provincial schemes, avoids duplication, and is simple to understand and administer.
- Support investments in the development and implementation of technologies that lower emissions through capital investments, which could include public-private partnerships.
- Recognize early action, acknowledging that some companies have been proactive in reducing their climate footprints and that several provinces have already established climate change mitigation regimes.
“Today, one of Canada’s largest industries is coming out in support of a carbon price, identifying it as the most effective and efficient means of driving emissions reductions and making real progress in the global fight against climate change,” stated Pierre Gratton, MAC president and CEO. “MAC’s support of a carbon price is guided by our principles for climate change policy design, and is based on 16 years of our members’ continuous efforts to reduce emissions through technology and innovation and become more energy efficient.”
Learn more about MAC and the Canadian mining companies that support it at www.Mining.ca.