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In Canada, greenhouse gas (GHG) emissions continue to remain high despite the federal government's commitment to reduce GHG emissions. Environmental policy across Canadian provinces has largely lacked consistency with some provinces implementing targeted policy such as carbon taxes while others have strongly resisted the federal government's attempts to encourage such policy. This study examines the impact of environmental policy on GHG gas emissions across Canadian provinces with policy uniquely measured by public and business sector spending on environmental protection as well as notable province-specific policies. An extended STIRPAT model is specified with the inclusion of proxies for environmental policy using panel data from Canada's ten provinces from 1995 to 2019. The cointegration and the error correction modelling approaches are employed to estimate the non-stationary panel data. A pooled mean group estimation is applied to provide short run and long run coefficients. The findings indicate that although per capita GDP is the main driver of GHG emissions in Canada, environmental policy has a significant mitigating effect, as shown by the negative association between emissions and private and public sector spending on environmental protection in the long run. Furthermore, provinces with targeted policies, such as Ontario's coal phase-out and British Columbia's carbon tax, experienced significant emissions reductions. The theoretical implication is the successful addition of policy variables to the STIRPAT model, providing the model a new application for future research. [Display omitted] • Assess the impact of environmental protection policies on per capita greenhouse gas emissions in Canada. • Utilize public and private expenditures on environmental protection, along with provincial policies. • Extend the STIRPAT model to incorporate environmental protection policies in an empirical model. • Demonstrate a significant negative relationship between environmental protection policies and GHG emissions. • Offer insights with implications for global environmental sustainability efforts. [ABSTRACT FROM AUTHOR]

The present study empirically investigates whether targeted government spending and environmental policies promote green growth, as measured by greenhouse gas productivity. Government spending for pollution abatement (GEPA) represents non-market environmental policies encompassing both enforcement regulations and stakeholder incentives, while policy dummy represents province specific targeted environmental policies. Using panel data from 1995 to 2020 across ten provinces of Canada, an empirical model based on STIRPAT has been developed and estimated, addressing various econometric issues to ensure the robustness and consistency of the results. The findings confirm that both GEPA and targeted environmental policies are crucial determinants in achieving green growth. Additionally, variables such as business sector expenditures for R&D, the share of renewable energy, per capita GDP, and population also contribute to green growth. These results highlight the importance of the stick-and-carrot approach as a key strategy and policy tool for sustainable development. The implications of these findings extend beyond Canada and hold valuable lessons for emerging and developing countries that predominantly rely on command-and-control regulations without adequate support. To effectively address the challenge of achieving green growth, a coordinated approach that combines targeted government spending and environmental policies, supported by innovation and renewable energy exploration, is essential. Overall, this study's findings have significant implications for environmental sustainability on a global scale. [Display omitted] • Examines the effect of targeted government spending and environmental policies on green growth in Canada. • Uses greenhouse gas productivity as an index of green growth. • Estimates the empirical model developed addressing advanced econometric issues related to panel data for 1995–2020. • Controls renewable energy, innovation, per capita income, population. • Have significant implications for environmental sustainability on a global scale. [ABSTRACT FROM AUTHOR]

Improving the environmental performance of built environments has received wider interest in the recent past. Asset management is an under-utilized strategy to enhance and maintain desired environmental performance of a building at low life cycle costs (LCC). Current asset management decision-making methods are not fully capable of incorporating future technological changes and complex time sensitive environmental demands. There is a knowledge gap in incorporating factors such as environmental performance, risk and time sensitivity to foster dynamic asset management decision making. This paper presents a multi-period asset management method for public buildings to minimize LCC and attain climate action goals. A scenario planning approach is used to incorporate future changes in technologies, costs and organizational policies. Risk based prioritization is used to compare and select maintenance alternatives in a given period. Value at risk is used to identify the lowest risk capital planning strategy for an organization. The proposed approach was demonstrated using an operating aquatic centre building in British Columbia, Canada. Three possible future scenario were considered. Proposed method was used to develop multi-period maintenance plans for future scenarios. Based on the analysis, Great Transitions scenario is expected to achieve the least financial risk. The proposed approach enable capital asset planning by complying with changing climate action targets in a stochastic environment. [ABSTRACT FROM AUTHOR]

Based on the fact that Canada withdrew from the Kyoto Protocol in 2011, we study the impact of loosening environmental policies on firm performance of Canada's oil and gas sector. This work complements the limitation of Porter hypothesis, which only discusses the relationship between environmental policy and corporate performance from the perspective of strict environmental policy. Hence, this paper adopts investment efficiency to measure corporate performance, and discusses the long-term and heterogeneous effects of loose environmental policies on Canada's oil and gas firms. We find that environmental policy loosening is conducive to improving the investment efficiency of oil and gas enterprises, which declines annually and becomes stable at a certain level. However, the biggest beneficiaries of loose environmental policies are low-investment-efficiency firms and oil sand firms. This result suggests that environmental policy loosening can boost the performance of enterprises, but alleviate their emission reduction pressure at the same time. [ABSTRACT FROM AUTHOR]