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Quantifying a proposed project's greenhouse gas (GHG) emissions and scrutinizing their effect on climate change are increasingly required in Canadian environmental assessment (EA) processes. This paper investigates to what degree an EA authority's intention for the inclusion of GHG considerations has resulted in implementation into environmental impact statements (EISs) by proponents and how these considerations influence the achievement of GHG reduction targets. Fifteen projects across five Canadian jurisdictions were reviewed. The examination revealed that well-developed intentions by EA authorities did not necessarily result in proponents following guidelines for GHG consideration in their EISs due to the absence of regulation or clearly defined policies. Conversely, even though intentions by an EA authority are underdeveloped in some jurisdictions, EISs sometimes exhibited thorough GHG assessments due to mechanisms in the EA process through which GHG consideration by the proponent could be compelled. The examination did not reveal how GHG consideration in EA currently assists in meeting reduction targets. A GHG emissions limit imposed during the EA process could link EA to success in meeting these targets. [ABSTRACT FROM AUTHOR]

The aim of this paper is to investigate the relation between greenhouse gas (GHG) emissions and cost of debt and to estimate the cost that lenders are imputing to GHG emissions. Data on GHG emissions were hand‐collected from Carbon Disclosure Project reports, whereas data on the cost of debt and other financial data were obtained from Bloomberg Professional database. Using a sample of Canadian firms, the results show that GHG emissions increase firms' cost of debt. In other words, for each additional tonne of GHG emissions, the cost of debt increases on average by 11–15%. These results imply that creditors incorporate firms' GHG emissions into their lending decisions and they penalize the polluting firms. This could encourage firms to reduce and manage their GHG emissions because there is a cost associated with these emissions. This study is one of the first to examine the relationship between GHG emissions and the cost of debt. [ABSTRACT FROM AUTHOR]

This paper examines the paradoxical issues surrounding long-distance tourism to view polar bears, a form of tourism which is disproportionately (on a per capita basis) responsible for greenhouse gases (GHG) emissions that are negatively affecting survival chances of the species. It also notes that the phenomenon of “last chance tourism” is influencing more tourists to visit the region. The paper describes and explains the evidence that climate change is causing a substantial reduction in sea ice, vital for Arctic wildlife species survival, particularly mega fauna, such as polar bears. Churchill, Canada is one of the few places where tourists can easily view polar bears. A total of 334 on-site tourist surveys and 18 in-depth interviews were conducted to help evaluate tourist perceptions of climate change and to estimate their GHG emissions related to polar bear viewing tourism. Polar bear viewing tourists perceive climate change to be negatively impacting polar bears but do not necessarily understand how they themselves contribute to GHG emissions, or understand offsetting possibilities. The polar bear viewing industry is estimated to contribute 20,892 t/CO2 per season. Mitigation strategies, including reduction and offsetting programs are outlined. [ABSTRACT FROM AUTHOR]