Abigail Grace Hermawan
10 June 2022
The Canadian delegate at the committee session of the UNFCCC.
To minimize climate change and its impacts, Canada proposed tax incentives for private companies to regulate them with the standard climate regulation and fossil fuel elimination funding although it only paid 17% of its fair share of climate finance contribution.
Being the United Kingdom’s right hand in the United Nations Framework Convention on Climate Change (UNFCCC) COP 26 Glasglow, Canada also supports the elimination of fossil fuel usage.
The delegate of Canada stated that it is because it caused multiple damages to the climate, and it is a form of Canada’s support in fixing climate changes.
Fortunately, unlike the United Kingdom, Canada provided a somewhat useful suggestion for developing countries to gradually eliminate fossil fuels.
“Their economy being heavily reliant on fossil fuels is the very reason why they need to diversify their economy. We are not asking for them to stop using fossil fuels now, it must be a gradual process,” stated the delegate of Canada during an interview.
Adding to that, Canada also proposed to subsidize developing countries to be able to get the funds that they need to be able to develop renewable energy sources and reduce the usage of fossil fuels.
Much of the carbon emissions causing climate change come from business-driven economic activities. Big companies often misuse and overuse natural resources and often neglect the eco-friendly ways to process their wastes, specifically carbon waste.
In response to that issue, Canada proposed a tax incentive regulation to regulate private sectors with the standard climate regulation.
“The tax incentive regulations aim to increase the speed of transition towards the green economy,” as expressed by the delegate of Canada during an interview.
However, it cannot be denied that although countries’ efforts are maximum, corruption in private sectors hinders a lot of infrastructure development that must have helped climate change issues.
“Bribery and corruption is a problem that many countries bond against. Canada cannot say for sure that every country will be able to benefit from the tax incentive 100%, but what Canada can say is that some if not most countries would benefit from this tax incentive,” stated the delegate of Canada during a press conference.
The delegate of Canada emphasized that they are aiming for the bigger picture, which is that this incentive would help most countries and that is what’s important.
The big question still remains. Does Canada know what they are doing? It is very doubtful that the answer is yes.
Canada’s effort in proposing to subsidize money for developing countries needs to be applauded. For once, a country in the UNFCCC recognizes and tries to find ways to help developing countries significantly, and Canada needs recognition for that.
However, Canada paid only 17% of the fair share of climate finance contribution from 2017-to 2018. So their statement to subsidize money may only be a sweet promise that may not be kept.
Similar to the United States, Canada needs to fulfil their responsibilities first before putting extra effort to help others. If they did not fulfil their fair share of responsibility, their effort in subsidizing money would not be effective, or it might be just an unkept promise.