January 19, 2023
Making Progress on B.C.’s Climate Action Plan
- Publish Date
- Ministry of Environment
- Province of British Columbia
British Columbia’s world-leading Climate Action Plan was launched in 2008 with aggressive greenhouse gas (GHG) targets of a 33% reduction from 2007 levels by 2020 and an 80% reduction by 2050. This report lets British Columbians know if the Climate Action Plan is on track. The indicators are very positive.
Provincial GHG’s fell 4.5% from 2007 to 2010 while at the same time, BC’s GDP growth outpaced the Canadian average, demonstrating that a strong carbon pricing policy that is revenue neutral can coexist with a growing economy. In fact the policy of taxing something undesirable (GHG emissions) and reducing taxes on something desirable (income) is leading to innovative clean technology growth and changes in behaviour as both companies and individuals make choices based on the carbon pricing policy.