Canadian Climate Change Policy Assignment 2022

Running head: CANADIAN CLIMATE CHANGE POLICY 1
Canadian Climate Change Policy
Name
Institution

CANADIAN CLIMATE CHANGE POLICY 2
Canadian Climate Change Policy
The Canadian government needs to adopt and maintain policies that promote
environmental conservation to avoid negative impacts of climate change. Rational and bounded
rational approaches are important in the adoption and implemention of these policies. While the
rational approach recommends aggressive new policies, bounded rationalism is more mainly
aims at maintaining existing policies.
In my opinion, new and more aggressive policies need to be implemented to curb
activities that threaten the Canadian ecosystem. For instance, to conserve the marine
environment, Pettipas, Bernier & Walker(2016) suggest that new policies should be set to reduce
plastic waste pollution. New policies need to be set.
The rational approach would also lead to the imposition of a carbon tax on fossil fuel use.
According to Liu, et al. (2018), imposing a tax on carbon-emitting manufacturers increase their
respective costs, thus inducing the firms to reduce their use of fossil fuels. This new policy
would help Canada reduce Carbon dioxide and carbon monoxide emission due to reduced
consumption of fossil fuels and the use of other environmentally friendly energy sources.
Bounded rationalism approaches aim at maintaining the existing policies to conserve the
environment. The approach, unlike the rational approach, refrains the Canadian government to
impose carbon tax until the United States imposes a carbon tax. In Canada, only a few provinces
such as Quebec and British Columbia have adopted carbon-pricing strategies (Abeyratne, 2019).
The bounded rationalism approach, thus, tends to be ineffective to promote environmental
conservation in Canada.