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Webinar | Construction and Carbon: The Impact of Climate Policy on Building in Canada in 2025
Over the next few years, the construction sector is one of the “winners” of carbon pricing, as escalating carbon prices unleash a wave of business and household investment.

This webinar will explore the impact of climate policy on building in Canada in 2025.

About the Report:

Canada’s Building Trades Union (CBTU) approached Smart Prosperity Institute with a simple question: “How will carbon taxation impact our industry and our members?” We share the CBTU’s interest in the effect of environmental policy on economic performance.

It is vital that Canada creates jobs and prosperity for Canadians while also meeting our Paris Agreement commitments (at a minimum) on climate change. Governments need to smartly design environmental policies that are effective, affordable and fair, and that minimize damage to the economy.

Beyond just damage control, well-designed policies create economic opportunities for Canadian workers and businesses, not just limited to the $26 trillion global opportunity in clean growth. The question of the economic impact of higher carbon prices on the construction sector is an important one, given that the sector represents 14% of Canada’s GDP.

Key Findings:

• The construction industry is one of the big beneficiaries of higher carbon prices over the next few years. By 2025, higher carbon prices will spur a wave of investment in new construction, generating jobs and income.

• Income in the construction industry is over $2.5 billion higher in 2025 with aggressive carbon pricing than with the status quo.

• An additional 19,000 jobs in construction would be created due to higher carbon prices, and another 20,500 net new jobs would be created in other sectors of the economy.

• Saskatchewan sees the highest proportion of new jobs created in construction from high carbon prices, followed by Quebec, Ontario, New Brunswick, Alberta, and British Columbia.

• Stringent carbon prices create an additional $12.5 billion in business investment in 2025 and

May 22, 2019 1:00 PM in Eastern Time (US and Canada)

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