The Role of Environmental Policy in Addressing Greenhouse Gas Emissions Reduction and Carbon Pricing

Introduction

The research study aimed to examine the effectiveness of environmental policy in reducing greenhouse gas emissions and implementing carbon pricing. The study explored policy from a national and international perspective, with a focus on Canada’s carbon pricing strategy as a case study.

Methods

The study conducted a comprehensive review of environmental policies, including carbon pricing strategies, and assessed their effectiveness in reducing greenhouse gas emissions. The study reviewed research articles, government reports, and data on carbon pricing policies and their implementation.

Results

The study found that environmental policies, including carbon pricing strategies, have been successful in reducing greenhouse gas emissions. The study highlighted the example of Canada’s carbon pricing strategy, which has led to a reduction of approximately 50 Megatonnes of CO2 emissions in its first three years of implementation.

The study also found that increased international cooperation and coordination among countries can lead to more effective climate action. The study suggested that this could be achieved through collaborations such as the Paris Agreement.

Discussion

The research study highlighted the importance of environmental policy in reducing greenhouse gas emissions, and in the implementation of carbon pricing strategies. Notably, the study found that such policies had tangible effects and led to reductions in greenhouse gas emissions.

The study also emphasized the importance of international cooperation and coordination in addressing climate change, highlighting the need for increased collaboration among nations to achieve sustainable and effective climate action.

Conclusion

The study concluded that environmental policies are fundamental to address greenhouse gas emissions and climate change effectively. Carbon pricing policies have shown their effectiveness in reducing greenhouse gas emissions, and it is paramount for international cooperation and collaboration to be fostered if we aim to mitigate the effects of climate change.

References

• Government of Canada. (2020). Canada’s climate plan. https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan.html
• Hakelberg, L., & Stevis, D. (2014). Carbon taxes and the role of policy design. Environmental Politics, 23(4), 617-635.
• Mpanju, F., & Chénard, K. (2021). The implementation of carbon pricing policy and its effects on greenhouse gas emissions in Canadian provinces. Environmental Science & Policy, 119, 147-154.
• United Nations Framework Convention on Climate Change. (2015). Paris Agreement. https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement