(Prime Minister Justin Trudeau signs the Paris Agreement on climate change during a ceremony at the United Nations headquarters in New York on Friday, April 22, 2016. THE CANADIAN PRESS/Sean Kilpatrick)
by Lorrie Goldstein
December 6, 2017
A new United Nations report says the Trudeau government is so far behind meeting the greenhouse gas reduction targets it agreed to in the Paris climate accord, it will likely have to buy billions of dollars worth of carbon offsets to meet its international commitments.
The problem, as even the report concedes, is that global carbon offset markets are riddled with fraud, meaning that buying them may not actually lower emissions.
The UN’s Emissions Gap Report 2017, identifies Canada as one of several countries, “likely to require further action and/or to have to purchase offsets in order to meet their pledges according to government and independent estimates.”
It says Canada is poised to miss both its 2020 and 2030 Paris targets, agreed to by Prime Minister Justin Trudeau in 2015, “by a wide margin.”
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