Economist says U.S. reducing emissions more than Canada
BNN Bloomberg
A new report from TD Bank highlights that while the U.S. has more successfully reduced emissions than Canada, both countries will face challenges to meet emission reduction goals.
Likeleli Seitlheko, an economist at TD Bank, said in a report Monday that both Canada and the U.S. have made “moderate progress” regarding reductions in greenhouse emissions. Despite this, Seitlheko highlighted that each country will be challenged to meet 2030 emission reduction targets due to the speed that which new investment can be implemented.
“The two countries may have to prioritize different measures for addressing emissions in the oil and gas sector as carbon dioxide is the main greenhouse gas emitted in the sector in Canada while methane dominates in the U.S.,” Seitlheko said.
Canada has a goal to reduce greenhouse gas emissions by 40-45 per cent by 2030, while the U.S. has a goal to reduce emissions by 50-52 per cent during that same time, according to the report.
