October 24, 2016

By Mike Wilson, Executive Director

 

Today we turn over a new leaf. Or rather I should say a new maple key.

After 8 years of operating under the name Sustainable Prosperity I’m excited to announce that, effective today, Canada’s leading source of research and insights for a stronger, cleaner economy has changed its name to: Smart Prosperity Institute.

The 4th Canadian PhD and Early Career Workshop in Environmental Economics — supported by Sustainable Prosperity — was hosted at the University of Ottawa from June 1st to June 2nd. This annual workshop brings together PhD students and early career researchers working on topics in Environmental Economics, Natural Resource Economics, Energy Economics, Economy of Climate Change, Energy Economics, and other related disciplines.

It turns out we have a data void in Canada. If you’ve been following our series of blogs on #GreenTape (the first looked at environmental regulation and innovation, the second at good design of environmental regulation, you’ve seen how environmental regulation, when designed well, can bring both economic and environmental returns. You’ve also seen that retrospective analysis of environmental regulations can provide meaningful insight into where, when and how to design environmental regulation.

We have all heard the saying, “I’m drowning in red tape”. It’s a common rebuke from businesses and others being forced to comply with regulation. Green tape, the environmental equivalent of red tape, refers to the rules and regulations that limit pollution or protect ecosystems. While green tape also draws its fair share of complaints, it turns out environmental regulation can be designed in a way to produce environmental and economic benefits that can outweigh at least some of the drawbacks – if not all of them.

Thirty years ago, as concerns grew over dioxins appearing in fish downstream from pulp and paper mills, Swedish firms developed chlorine-free pulp bleaching technologies. Developing these technologies helped protect fish and ecosystems. What’s more, it opened up new markets in Germany for the Swedish firms’ more-environmentally-friendly products, and allowed the leading firms to sell their technology to other jurisdictions. A win for the environment and the economy.

The new Canadian federal government has committed to develop a national climate change plan in co-operation with provincial and territorial governments. Under the previous federal government Canada had committed to a 17% reduction below 2005 levels by 2020 and a 30% reduction by 2030. Environment Minister Catherine McKenna has promised that the previous government’s 2030 commitments will be a “floor” for federal ambition. The big question is: where will these GHG emissions reductions come from?

This week saw Canadians get excited about the 2016 Census, crashing servers and flipping out on social media in their rush to be counted and to contribute to building good data sets. And rightly so – data sets (and the analysis we do based on them) help drive good public policy.

The Natural Capital Symposium is an annual event hosted by the Natural Capital Project (NatCap) at Stanford University that brings together dynamic and inspiring scholars, professionals and experts on natural capital from all around the world. Many of those featured in the event are considered to be celebrities in this field—Hal Mooney (world renowned ecologist at Stanford), Stephen Polasky (from the University of Minnesota) and Mark Tercek (president of the Nature Conservancy), to name a few. And so naturally, it was an enormous privilege to have the opportunity to present my research work on pollution emissions in the Canadian pulp and paper sector at the event this year.

For many of those who have been following Sustainable Prosperity’s work, you’ve likely heard about our “Linking Natural Capital & Productivity” project. This project, made possible by contributions from many partners, aims to shed light on the relationship between economic activity and the environment. Specifically, we’re looking at how the ways we use and impact natural capital are (or aren’t) captured in our measures of productivity. (Our website has a nifty glossary if you’d like more background on terms like natural capital and productivity).

Since its humble beginnings in New York City in 1970, Earth Day has been a celebration of the ecosystems and biodiversity on which we all depend for food, livelihoods, and our quality of life, as well as a call to action to share the earth and not squander our natural heritage.