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We cannot to afford to deny climate change There is abundant amount of evidence that suggest humans are responsible for the earths current climate change There is tangible evidence to suggest that there has been a warming trend throughout globe that has been increasing ever since the industrial revolution Such unprecedented level of human activities leads to greenhouse gases like carbon dioxide and methane being discharged into the atmosphere If economic policies are not brought swiftly to challenge this incessant level of activities then the planet will continue to plunge into an unpredictable era of social environmental and economic consequencesCanada is not shielded from climate change In 2010 out of top 10 global emitters Canada is ranked number 7 It had emitted 159546558 tons of carbon This may have led to significant changes in scarce natural resources across Canada which is a lifeline to the economy According to a report rising ocean temperatures on Canadas West Coast have weakened economically valuable salmon species forests in British Columbia have been devastated recently by the mountain pine beetle which thrives thanks to unusually mild winters and unprecedented drought levels in Alberta for the past two decades If climate inaction is not looked upon in the future unintended external cost will lead to implementation of harsh policies like the ones seen in China during the 2008 Beijing Olympics The Chinese government took stringent actions where they shutdown industrials complex and took off 1 million cars off the roads Doing nothing is not an option Canada will need to come up with a policy to regulate their greenhouse gas emissions Without a policy the country was unable to even satisfy precautionary level of greenhouse gases it had previously agreed under the Kyoto Protocol The country must look into existing policies around globe The two prominent policies currently being practiced in some countries is Permit trading and Carbon TaxThe Permit Trading Scheme is a market-based incentive that gives
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