Climate Change and Carbon Market
Premiers discussed climate change including approaches that are being taken by some governments regarding carbon pricing. They noted the recent statement by the Organization for Economic Cooperation and Development (OECD) on the importance of incorporating the cost of carbon emissions in the economy. Given the ever-changing international context, Premiers agreed on the importance of being aware of the various emission reduction initiatives, ranging from Cap and Trade systems to carbon pricing and innovations, such as clean coal and other technologies. They agreed to take stock of such climate change initiatives and the economic opportunity of global action to address climate change at each of their future summer meetings. In spring 2015, Quebec will host a summit on climate change to which all Premiers will be invited to participate.
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Press Secretary, Office of the Premier
Government of Prince Edward Island