Wednesday, 3rd July 2024

Government of Canada

From 2025 to 2040, the proposed Regulations are estimated to have total present value costs of $581 million, while the cumulative GHG emission reductions are estimated to be 107 megatonnes (Mt) of carbon dioxide equivalent (CO2e), valued at $11.2 billion in terms of the estimated social benefit of avoided global damages from climate change. The monetized net benefits of the proposed Regulations are thus estimated to be $10.6 billion and are estimated to be achieved at an average cost of $5 per tonne of CO2e over the time frame of the analysis.