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ARTICLE · 10 JUNE 2011

Red Tape, Green Economy?

Some federal Conservatives are reportedly interested in finding "red tape obstacles to a green economy".

CanadaEnergy and Natural Resources

Some federal Conservatives are reportedly interested in finding "red tape obstacles to a green economy". At one level, this is good news; I'm glad to hear of any government trying to build a green economy. The International Energy Agency issued an extraordinarily bleak report last week about the continuing growth in infrastructure for a fossil fuel economy, rendering it more and more difficult to avoid massive and devastating climate disruption. In this context, any meaningful steps towards a green economy would be welcome.

Unfortunately, the major federal obstacles to a green economy are not "red tape", i.e. regulations, but economics. As long as pollution (carbon and otherwise) is free, regulation won't do much to prevent it. This has been banged home by the National Round Table on the Environment and Economy, the Environmental Commissioner of Ontario, even by the president of the Royal Bank of Canada: the essential, fundamental, and indispensible national

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