Posted AT 11:42 AM EST on 10/10/07
Canada needs carbon regulations: Rubin
Canada will most likely introduce a cap-and-trade system to curb greenhouse gas emissions — but only after the U.S. paves the way, a CIBC economist predicted Wednesday.
Setting a price on emissions is the best way to achieve sustainable reductions, Jeff Rubin, chief economist at CIBC World Markets told a Toronto audience of investors, executives and policy makers.
But history shows that's unlikely happen until the U.S. formulates its own policies.
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