Environment committee The benefits are quite difficult to quantify. They could take the form primarily of new technologies and innovations that are developed. That's a very uncertain process.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee I believe it is a reasonable study.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee That's a good point. We need to take into account the fact that our economy is growing at a rate of 2 or 3 per cent a year. A 0.5% drop in GDP is not huge—the impact would correspond, say, to a loss of 50,000 jobs.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee It would be much more significant. In the very short term, it would probably lead to an economic recession—a drop in both output and employment—within one or two years.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee It would be a fairly significant recession in comparison with what Canada has experienced so far.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee As I said, we have engaged in two fashions. We published a number of economic studies that are now somewhat dated. Also Environment Canada has undertaken a fair bit of work, and we've been involved with them. As to the costs and benefits of climate change per se, there's a fair
May 17th, 2007Committee meeting
Paul Rochon
Environment committee We haven't done it on Bill C-30.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee Oh, I think that would be high. Yes.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee Mexico would be significant.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee We use an average from private sector forecasters, so we survey them for their view of the economy.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee About 15 to 20.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee They used one model to develop the baseline. That's correct, yes. However, they consulted four or five private sector economists.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee I'm sorry; I'm thinking of Bill C-288.
May 17th, 2007Committee meeting
Paul Rochon
Environment committee It's not necessary that this happens. In fact, this plan suggests that over time this situation can be reversed. However, it is the case that given the structure and evolution of GDP for the longest period of time, greenhouse gas emissions have actually increased with economic ac
May 17th, 2007Committee meeting
Paul Rochon
Environment committee We have a number of studies on the website using general equilibrium models, primarily to look at the costs of mitigating greenhouse gas emissions.
May 17th, 2007Committee meeting
Paul Rochon