“Finding a way to limit carbon emissions will be a major issue for Canada-U.S. relations, and the two countries can’t be too far apart in their policies, says U.S. Ambassador David Jacobson.
Putting a price on carbon is one way to slow down greenhouse gas emissions but the price set by either country could influence where investment decisions are made, Jacobson told The Journal’s editorial board Wednesday.
It’s important that national policies do not give one country a competitive advantage, he said, “so people won’t make economic decisions based on the differences.”
“You don’t want to have a race to the bottom.”
While the issue of greenhouse gas emissions is “the single hardest issue” for the two countries to work through, Jacobson said he’s confident in the end the national policies will work in “sync.” President Barack Obama’s administration will not bring proposals forward this term, he said.”