EUROPE accepts the seriousness of climate change and has come to terms with how deeply carbon underpins our current economy. Europeans also look at both sides of the issue’s cost-benefit equation, and are figuring out ways to maximize the benefits.
Canada, on the other hand, still clings to the notion that economic growth is inevitably tethered to rising greenhouse gas emissions and focuses almost exclusively on the costs associated with transitioning to a low-carbon economy. These contrasting approaches to climate change are producing drastically different results. ...