OECD Economic Surveys
Global price pressures beset Canada's economy just as unemployment was nearing record lows amid a strong recovery from the pandemic. Policymakers face the challenge of reining in inflation without causing a recession.
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| Format: | eBook |
| Language: | Inglés |
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Paris :
Organization for Economic Cooperation & Development
2023.
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| Edition: | 1st ed |
| Series: | OECD Economic Surveys: Canada Series
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| See on Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009724735606719 |
Table of Contents:
- Intro
- Foreword
- Executive Summary
- Growth and inflation are declining
- Rebuilding fiscal buffers
- Strengthening the environment for business
- Better supporting the vulnerable
- Transitioning to net zero emissions
- Basic Statistics of Canada, 2021
- 1 Key Policy Insights
- The economic outlook - inflation remains a key issue
- Uncertainty around consumer spending remains elevated
- The softening of the housing market brings new risks related to the household sector
- Volatility and high rates in fixed-income markets are of concern
- Rebuilding fiscal buffers
- Windfall revenues could be handled better
- There is scope for improving the tax mix
- Increasing public spending efficiency would create more fiscal space
- Strengthening the business environment
- Faster progress on lowering inter-provincial trade barriers is needed
- Competition policy needs to be better tuned to issues around Big Tech
- Measures combatting corruption and money laundering are ongoing
- Supporting the vulnerable and raising labour force participation
- High inflation raises further concern about the cost of living
- Reform towards increasing access to affordable childcare is underway
- References
- 2 Canada's transition to net zero emissions
- Canada's climate policy challenge
- Deep emissions reductions are required for Canada to reach net zero
- Energy lies at the centre of Canada's climate policy challenge
- Improving Canada's carbon pricing systems
- Carbon pricing has a central place in Canada's emissions reduction plan
- Stringency criteria for carbon pricing systems will need to be strictly enforced
- There is scope to continue tightening carbon pricing rules
- There is a need for common rules on carbon credits and better credit tracking
- Greater confidence in future prices would strengthen carbon price signals.
- Continuing to promote international cooperation on price and non-price-based carbon mitigation policies
- Accelerating decarbonisation of electricity
- Barriers to competition and trade can raise the cost of the green energy transition
- Policies to encourage supply of clean electricity
- Policies to moderate electricity demand
- Reducing emissions from oil and gas production
- Reducing methane emissions in the oil and gas sector
- Reducing fuel combustion emissions in the oil and gas sector
- Proposals for new carbon pricing systems for the oil and gas industry
- Support for oil and gas sector carbon capture utilisation and storage investments
- Policies to reduce road transport emissions
- Decarbonising passenger transport
- Maintaining tough emissions standards on combustion engine vehicles
- Ensuring clean fuel regulations deliver intended benefits
- Re-targeting support for zero emission vehicles
- Supportive policies to encourage active transport and public transport
- Decarbonising road freight transport
- Improving the energy performance of Canada's buildings
- Setting tougher energy performance standards for new buildings
- Provincial adoption of the latest energy code must happen quickly
- Phasing out fossil fuel heating should be a priority
- Accelerating retrofitting of existing buildings
- Reducing emissions embedded in building materials
- Policies to reduce the cost of climate change
- Canada's climate is already changing
- Adaptation can reduce harms from climate change
- Information and research to assist public and private adaptation
- Closing gaps in flood insurance
- References.
