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The reason is that in a recession, people have less money to spend on goods and services, meaning it takes less fossil fuel energy to produce them.
That’s why emissions drop during recessions and begin to rise again as the economy recovers.
This happened in 2008-09, when Canada’s emissions fell by 6% in one year because of the global recession that began with the subprime mortgage derivative crisis in the United States.
That 6% drop in one year, before emissions started rising again, compares to Canada’s overall record where, since 2005, we’ve only reduced our annual emissions by 2%, compared to the 17% drop by 2020 that Trudeau promised.
In 2017, the last year for which Canadian statistics are available, emissions rose 1%.
But apparently, Trudeau and Freeland have some magical way to replace Canada’s traditional energy sources with inefficient and expensive green energy, while simultaneously providing Canadians with the massive amounts of power we will need to power us out of the COVID-19 recession.
Since this is the case, Trudeau and Freeland should not be hiding their light under a bushel.
They should be telling us how they plan to accomplish this magnificent achievement in the throne speech after Parliament, which was shut down by Trudeau, reopens Sept. 23.
That will be an interesting speech to hear, to say the least.