How The Climate Crisis Affects Your Money

Ask not what your planet can do for you. Ask what you can do for your planet.

How The Climate Crisis Affects Your Money

The “climate crisis” has managed to put our leader’s idleness on center stage. Their passive interest and inaction have flung whole countries into the public spotlight. They’ve declared a climate emergency!

We’ve actually never heard of a climate emergency before until very recently. People are wondering what do we do now? What does it mean for me? What actions will the government take to prevent a catastrophe? Is it just a ploy to tax us?

What is a Climate Crisis

In the past 12,000 years, Earth’s temperatures adjusted plus or minus one degree. Yet, in the past 100 years, our planet’s atmosphere has moved towards a four-degree warming trend. Scientists believe the earth was this temperature 4 million years ago. But we don’t know what this world looked like back then.

If temperatures increase 3 or 4 degrees by 2100 the world’s agriculture will collapse. Could you imagine what it would be like if the population reached 14 billion people and there was no food!! Ugh, I would die!!

There are 7.7 billion people living here with us today and Canadians get to change how we live now. Destroying habitats and displacing wildlife in far off lands isn’t how we identify with ourselves. The actions taken to stop the destruction of world habitats isn’t enough!

Forces turning jungles into plantations and oceans into garbage dumps are winning. Canadians and their shopping habits have let this happen. Yet, we point our fingers and shrug our shoulders hoping someone will fix it.

The destruction of ecosystems and species will only get worse, not better. So bad that we won’t be able to eat the food we love. Like the children in a war zone, we’ll fade away, not because of bullets, but because of heat, food and water scarcity.

Today community politics in hotter regions are governed by food and water scarcity. The land is protected by force, walls, hatred, and anger. This happens in areas like Syria and these problems will spread with global warming.

How Canadians contribute to the Climate Crisis

Every day we go to the mall and buy something we’re taking from the supply chain. Think about all the energy it took to get here. The raw materials found in a forest or created in a laboratory have to be logged or produced.

Then we ship raw materials and manufacture them into goods overseas. Next, they`re shipped back, trucked, flown or put on a train to locations across Canada. The chemicals it takes to create these man-made products all have to go somewhere and more often than not they end up in nature.

So when we make a purchase it is directly affecting the CO2 in the atmosphere. We`re burning Fossil fuels to mine, log, process, ship, and ship again. Now logistically it has worked but we had fewer people on Earth. Since 1970 the world`s population has grown almost to 4 billion. So, our broken and outdated economy is no longer working without dire consequences.

If people are not willing to change their ways then the government has no choice but to step in and do it for us. The Canadian government implemented a carbon tax to Ontario, British Columbia, Manitoba, and Saskatchewan. What are they doing with our carbon tax dollars?

Carbon Tax for You And Me

The only way to address the cost of climate change from a governments perspective is to tax us. Like taxing cigarettes it nudges people to make a change if it costs them more. Once the government taxed cigarettes people tried to quit and sales decreased. Even though 200 countries have vowed to make it their mandate to keep climate change in check. We can’t change the perception of pollution and emission unless we change the minds of the public.

Environment Canada states that the Climate tax will remove 50-60 Megatonnes of Carbon from the air annually by 2020! This program is effective since we are able to reduce our emissions by 12%. Plus, 90% of the money collected is returned to taxpayers! British Columbia introduced the Carbon tax in 2008 and according to a 2018 report B.C. has the fastest growing economy in Canada! Coincidence? Well, let’s say that it doesn’t hurt to have the Carbon Tax.

Carbon Tax for Corporations

The Federal government’s website shows the most significant reduction will come from Industry. It’s bothersome that corporations won’t spend money on innovative technologies on their own accord. They’re lured with a carrot to get them to think and act differently. So the government must enforce methane reduction from the oil and gas industry through taxation. 

The goal is to reduce emissions between 40-45% below 2012 levels by the year 2025. They’re allowing flexibilities while encouraging innovation of methane reductions. Canada has reduced the potential compliance costs for the oil and gas industry by more than 1 billion dollars.

One of the ways companies are becoming innovative is by using cost-effective technology like the use of drones. These drone planes have infrared cameras which detect gas leaks. If they know where the leak is then they’re able to fix it, resulting in saving time and money.

The Climate crisis is a term that politicians, activists, and scientists use to get our attention! Nature is strong and will always be a part of Earth. However, while the ecosystem is changing we’ll struggle to cope with the warming atmosphere. We aren’t equipped to handle the widespread collapse of the food chain. Small changes in the normal way we do things with the intention to reduce the carbon footprint will help everyone. It is a small donation that will better the lives of people in hot arid climates. Plus, it will promote a better life and future for our children. What will you do today that will make a difference for tomorrow?

Read more about this topic in these great resources below

Carbon Pricing in Canada

Canada’s commitment to the carbon reduction

Carbon Tax

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